Asia-Pacific
With a power score of 2.47, Kazakhstan ranks number 11 among Emerging Markets and number 4 in the Asia-Pacific region
Power score
2.47/5
Score over time
2021 - 2024
Kazakhstan has a power score of 2.47, which puts it at rank 11 in the Emerging Markets power ranking. In comparison to 2023, Kazakhstan has improved in the power rankings by 2 places, from rank 13, to rank 11.
At 2.47, the power score of Kazakhstan is better than than the regional average of 1.94 in the Asia-Pacific region and puts it at rank 4 in the region.
Kazakhstan implements policies in 7/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, Import tax incentives, VAT incentives, Priority grid access, and Renewable Energy Certificates.
The average electricity price in Kazakhstan has increased from 44.25 USD/MWh in 2022 to 69.03 USD/MWh in 2023. Since 2017, the average electricity price in Kazakhstan has fluctuated between 41.73 USD/MWh (2017) and 69.03 USD/MWh (2023).
The top amount of capacity installed in Kazakhstan in 2023 was in Coal at 52.58%, down from 53.41% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 6.91%, up from 4.58% in 2022.
The top amount of electricity generated in Kazakhstan in 2023 was in Coal at 76.89%, up from 76.44% in 2022. The technology with the biggest increase in electricity generated in 2023 was Wind at 3.37%, up from 2.4% in 2022.
Investment in clean energy in Kazakhstan was around $226.44 million in 2023, an increase of 43.77% from 2022 ($157.50 million). Between 2018 and 2023, the highest investment in clean energy was in 2019 at $943.38 million, while the lowest was in 2022 with $157.50 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.