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Kazakhstan’s Samruk-Energo company plans to increase electricity tariff

November 27 2014, 14:23

Kazakhstan’s Samruk-Energo JSC plans to increase the electricity tariff by 7-8 percent in 2015, Samruk-Energo chairman of board Almassadam Satkaliyev said Nov. 27.

"We have applied to the Committee on Regulation of Natural Monopolies and Protection of Competition,” he said at a briefing in the central communications service. “Our bid is of 7-8 percent. Of course, we look forward to the country’s fair and socially responsible decision in terms of our tariffs,"- azh.kz refers to trend.az.

He added that this year was marked by two important factors that will determine the electricity pricing next year.

“This is an increase in gas prices and tariffs in Kazakhstan Electricity Grid Operating Company KEGOC,” he said.

"For example: the wholesale gas price increased fivefold in Aktobe and more than twice in Almaty,” he said. “KEGOC tariff growth was observed in connection with ensuring the required yield level, the need to implement a large-scale investment program, including the construction of the third transit "North-South" corridor through the Eastern Kazakhstan. Of course, these factors will affect the final price of electricity for consumers."

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