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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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dc.contributor.advisorEunnyeong Heo-
dc.contributor.author카이랏-
dc.date.accessioned2017-07-14T02:34:13Z-
dc.date.available2017-07-14T02:34:13Z-
dc.date.issued2015-02-
dc.identifier.other000000025194-
dc.identifier.urihttps://hdl.handle.net/10371/122644-
dc.description학위논문 (석사)-- 서울대학교 대학원 : 협동과정 기술경영전공, 2015. 2. Eunnyeong Heo.-
dc.description.abstractThe 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.
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dc.description.tableofcontentsAbstract ........................................................................................................................ i
Contents..................................................................................................................... iii
List of Tables .............................................................................................................. vi
List of Figures ...........................................................................................................vii
Chapter 1. Introduction ............................................................................................... 1
1.1 Motivation ......................................................................................................... 1
1.2 Problem description and Research question ...................................................... 2
1.3 Methodology ..................................................................................................... 3
1.4 Structure of the thesis ........................................................................................ 5
Chapter 2. Energy Situation of Kazakhstan ................................................................ 7
2.1 Energy Sector of Kazakhstan ............................................................................ 7
2.1.1 Oil & Gas Industry ..................................................................................... 7
2.1.2 Nuclear energy ............................................................................................ 9
2.2 Characteristics of the electricity sector ............................................................ 10
2.2.1 Electricity generation ................................................................................ 12
2.2.2 Transmission networks ............................................................................. 13
Chapter 3. Decomposition analysis of electricity sector in terms of CO2 emissions 15
3.1 Overview ......................................................................................................... 15
3.2 Trend of CO2 emissions in the electricity sector ............................................. 16
3.3 The Basic Approaches ..................................................................................... 20
3.4 Analytical framework ...................................................................................... 23
3.4.1 Methodology ............................................................................................. 23
3.4.2 Data source ............................................................................................... 26
3.5 Analysis and outcomes .................................................................................... 26
Chapter 4. Electricity market models ........................................................................ 32
4.1 Introduction ..................................................................................................... 32
4.2 Market for Electrical Energy ........................................................................... 34
4.2.1 Electricity Pool ......................................................................................... 36
4.2.2 Bilateral trading ........................................................................................ 38
4.2.3 Spot market ............................................................................................... 40
Chapter 5. Analysis of Electricity market in Kazakhstan .......................................... 43
5.1 Overview of electricity market in Kazakhstan ................................................ 43
5.2 Market Power in Electricity Markets .............................................................. 47
5.2.1 Market Power ........................................................................................... 47
5.2.2 Market Power Analysis Methods .............................................................. 48
5.2.3 Market Power Investigation in Power Sector of Kazakhstan ................... 52
5.3 SWOT analysis of Electricity market in Kazakhstan ...................................... 57
Chapter 6. The Single-buyer model in electricity markets ........................................ 66
6.1 Introduction ..................................................................................................... 66
6.2 Single buyer market model .............................................................................. 67
6.3. Lessons from the Reform Experience ............................................................ 68
6.3.1 UK Electricity Market Reform ................................................................. 69
6.3.2. Success of Nordic electricity market ....................................................... 73
6.3.3 The California Electricity Crisis ............................................................... 75
6.4 Countries with jurisdiction similar to single buyer model .............................. 80
6.4.1 Ontario ...................................................................................................... 80
6.4.2 Brazil ........................................................................................................ 87
6.5 Lessons for Kazakhstan from International Experience with sector reform ... 92
Chapter 7. New model for Kazakhstan ................................................................... 104
7.1 Rational for Restructuring ............................................................................. 104
7.2 New Market Design for Kazakhstan ............................................................. 108
7.3 Comparison between the existing system and the proposed market model .. 117
7.4 Barriers to Successful Implementation of the new model ............................. 118
Chapter 8. Conclusion and Policy Implications ...................................................... 121
8.1 Conclusion ..................................................................................................... 121
8.2 Policy Implications ........................................................................................ 124
Bibliography ............................................................................................................ 126
Appendix A ............................................................................................................. 136
Appendix B ............................................................................................................. 137
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dc.formatapplication/pdf-
dc.format.extent2110089 bytes-
dc.format.mediumapplication/pdf-
dc.language.isoen-
dc.publisher서울대학교 대학원-
dc.subject.ddc658-
dc.titleA Comparative Analysis on the Electricity Sector of Kazakhstan to Create a Sustainable Market Model-
dc.title.alternative지속 가능한 시장 모델 창출을 위한 카자흐스탄 전기분야에 대한 비교분석-
dc.typeThesis-
dc.contributor.AlternativeAuthorKairat Bolatovich Rakhimov-
dc.description.degreeMaster-
dc.citation.pages149-
dc.contributor.affiliation공과대학 협동과정 기술경영전공-
dc.date.awarded2015-02-
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