CRNM employees took part in the ERRA meeting on electric power issues.

On November 19 of this year, a meeting of the working body of the Regional Association of Energy Regulatory Authorities (ERRA) – the Committee on Electricity Markets and Economic Regulation, was held, where employees of the Committee on Regulation of Natural Monopolies of the Ministry of National Economy of the Republic of Kazakhstan also took part.

The ERRA Committee members were presented with a work plan for 2020-2021. The two-year work plan of the ERRA Committee includes the following main areas of activity:

- retail competition: the consequences of market deregulation and the abolition of subsidies, the impact of tariffs on end consumers;

- assessment of the effectiveness of regulated infrastructure, review of econometric models and methodologies;

- pricing tools to stimulate the flexibility of end users and improve the efficiency of demand management;

- digitalization: smart grids and smart meters and their impact on price regulation;

- decentralization: distributed generation, producing consumer.

During the meeting, the staff of the DCRNM got acquainted with the mechanism of price regulation in the electricity markets in the ERRA member countries during the transition period, in particular, the practice of Bosnia and Herzegovina was presented to the participants.

The main attention is paid to the applied transitional measures aimed at ensuring a smooth gradual rejection of price regulation (tariffs), the main stages of market opening, the gradual introduction of competition in the wholesale and retail markets and the role of new participants ensuring the stabilization of electricity prices at the retail level.

It should be noted that the analysis of the positive experience of market development both at the wholesale and retail level in the ERRA member countries is an ongoing task of the ERRA Committee on Electricity Markets and Economic Regulation.

In this regard, during the meeting, representatives of the Austrian regulatory authority (E-Control) shared their positive experience in implementing a competitive electricity market.

Following the results of the event, an active discussion of practical issues that interested representatives of regulatory authorities took place at the round table.