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Future Development of Price Instruments of State Support for the use of Renewable Energy Sources in Kazakhstan

Author

Listed:
  • Aslan B. Tasmaganbetov

    (K. Zhubanov Aktobe Regional State University, A. Moldagulova St. 34, Aktobe, Kazakhstan,)

  • Gulnar T. ?unurkulzhayeva

    (K. Zhubanov Aktobe Regional State University, A. Moldagulova St. 34, Aktobe, Kazakhstan,)

  • Zauresh O. Imanbayeva

    (K. Zhubanov Aktobe Regional State University, A. Moldagulova St. 34, Aktobe, Kazakhstan,)

  • Zhumabay Ataniyazov

    (K. Zhubanov Aktobe Regional State University, A. Moldagulova St. 34, Aktobe, Kazakhstan,)

  • Dinmukhammed N. Shaikin

    (North-Kazakhstan State University named after M. Kozybayev, Pushkin St. 86, Petropavlovsk, Kazakhstan.)

Abstract

The article investigates various tools of state support for the development of renewable energy. Special attention is paid to the price instruments of state support for the use of renewable energy sources (RES), including a significant analysis of the regulatory framework of the Republic of Kazakhstan as incentives. The authors analyzed the level of development of fixed rates for the supply of electricity in the Republic of Kazakhstan. The analysis revealed that fixed rates had and continue to have a significant positive impact on the increase in projects for renewable energy. Without the use of this tool in Kazakhstan, it would not have been possible to establish such large RES capacities. The article also deals with the auction system of pricing for the supply of electricity. According to the authors, through the introduction of the auction mechanism, the state selects the most effective RES projects and forms market competitive prices for electric energy produced by RES facilities.

Suggested Citation

  • Aslan B. Tasmaganbetov & Gulnar T. ?unurkulzhayeva & Zauresh O. Imanbayeva & Zhumabay Ataniyazov & Dinmukhammed N. Shaikin, 2020. "Future Development of Price Instruments of State Support for the use of Renewable Energy Sources in Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 10(1), pages 140-144.
    • Handle: RePEc:eco:journ2:2020-01-20
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    References listed on IDEAS

    as
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    3. Aidos Abayev & Bauyrzhan Yessengeldin & Diana Sitenko & Yerbolsyn Akbayev, 2018. "Possibilities of Solar Energy Utilization for the Development of Rural Areas of the Republic of Kazakhstan," International Journal of Energy Economics and Policy, Econjournals, vol. 8(2), pages 89-94.
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    5. Tokhtar Bolyssov & Bauyrzhan Yessengeldin & Gulvira Akybayeva & Zamzagul Sultanova & Azamat Zhanseitov, 2019. "Features of the Use of Renewable Energy Sources in Agriculture," International Journal of Energy Economics and Policy, Econjournals, vol. 9(4), pages 363-368.
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    Cited by:

    1. Ricardo Moreno & Diego Larrahondo, 2021. "The First Auction of Non-Conventional Renewable Energy in Colombia: Results and Perspectives," International Journal of Energy Economics and Policy, Econjournals, vol. 11(1), pages 528-535.
    2. Anvar Tulaganov & Gulnara Sagindykova & Murad Isaev & Bibigul Bimbetova & Maira Kaiyrgaliyeva & Bakhitzhamal Aidosova & Aizhan Orynbassarova, 2022. "The Impact Analysis of Electricity Prices on the Energy Intensity of the Kazakhstani Economy and Sustainable Development," International Journal of Energy Economics and Policy, Econjournals, vol. 12(2), pages 241-248, March.

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    More about this item

    Keywords

    s renewable energy sources; fixed rate; auction price;
    All these keywords.

    JEL classification:

    • Q21 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Demand and Supply; Prices
    • Q28 - Agricultural and Natural Resource Economics; Environmental and Ecological Economics - - Renewable Resources and Conservation - - - Government Policy

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