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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
- Advisor
- Eunnyeong Heo
- Major
- 공과대학 협동과정 기술경영전공
- Issue Date
- 2015-02
- 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. Analysiss 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
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