SHERP

A Comparative Analysis on the Electricity Sector of Kazakhstan to Create a Sustainable Market Model
지속 가능한 시장 모델 창출을 위한 카자흐스탄 전기분야에 대한 비교분석

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Authors
카이랏
Advisor
Eunnyeong Heo
Major
공과대학 협동과정 기술경영전공
Issue Date
2015
Publisher
서울대학교 대학원
Description
학위논문 (석사)-- 서울대학교 대학원 : 협동과정 기술경영전공, 2015. 2. Eunnyeong Heo.
Abstract
The electricity sector deregulation process has taken place over the past three decades world-wide with the objectives of further economic development and increased social welfare. Kazakhstan also did some important steps forward deregulating its own electricity sector. But as in many countries world-wide Kazakhstan still needs to adopt more efficient model for electricity market. This research therefore aims at developing a preliminary proposal of the model based on the single-buyer model for the electricity market of Kazakhstan. In this study prior to propose new model we used the Divisia decomposition technique, Market power analysis method, with calculation of the Herfindahl – Hirschman Index (HHI), SWOT analysis and case-study analysis. Studying the market analysis and try to compare the outcomes from the existing systems we propose our own model of the electricity market for Kazakhstan. The findings of this study are indicating some weak points, elimination of which would be most well suited for emission reduction. Analysis’s result shows that there are three firms in power sector accounted for more than half of market shares, and according to the Herfindahl-Hirschman Index the power market in Kazakhstan can be classified as concentrated. At the same time there is no competition among supply companies, and the price of electricity sold in the retail market is limited by a price cap. In this case introduction of the competitive wholesale market in Kazakhstan in near future will be risky. This results show that the new model for electricity market of Kazakhstan which would be more close to single-buyer is more preferable.
Language
English
URI
http://hdl.handle.net/10371/122644
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College of Engineering/Engineering Practice School (공과대학/대학원)Program in Technology, Management, Economics and Policy (협동과정-기술·경영·경제·정책전공)Theses (Master's Degree_협동과정-기술·경영·경제·정책전공)
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