Services

JSC KOREM provides four types of services to the wholesale electricity market entities and all interested parties:

• organization and conduct of centralized electricity trading;
• ensuring the readiness of the trading system to conduct centralized trading of electric energy.

The service for organizing and conducting centralized trading of electric energy includes:

• organization and conduct of daily centralized trading of electric energy in the "day ahead" and "during the operating day" modes;
• organization and conduct of centralized electricity trading for medium-and long-term periods (forward transactions for a week, month, quarter, year);
• organization and conduct of centralized trading of electric energy produced by hydroelectric power plants during environmental releases;
• registration and accounting of concluded transactions for the purchase and sale of electric energy at spot auctions;
• organization of mutual settlements for electricity purchased and sold at centralized auctions;
• monitoring the execution of transactions concluded at centralized auctions;
• interaction with the System operator on issues related to the organization and conduct of centralized auctions.

Service of JSC KOREM on the organization and conduct of centralized trading of electric energy paid by the subject of the wholesale market of electric energy party centralized trading with volumes registered in the trading system centralized auction transactions for the purchase and sale of electricity, in the amount of 0.002 tenge per 1 kWh (excluding VAT), in accordance with the order of the Minister of energy and mineral resources from September 30, 2005 No. 261 on approval of the "Methodology of the tariff of the Kazakhstan electricity and power market operator and its tariffs for 2006".

The service for ensuring the readiness of the trading system for centralized trading of electric energy includes:

• maintaining the trading system in constant working order for centralized trading of electric energy;
• determination of compliance of subjects of the wholesale electricity market with the criteria and requirements for participation in centralized auctions of the Republic of Kazakhstan;
• providing subjects of the wholesale electricity market with information on indicative prices for electric energy formed at centralized auctions and other market information;
• instructing participants in the wholesale electricity market on how to work with the trading system;
• monitoring of the electricity market;
• providing information assistance to wholesale market entities on the conclusion of bilateral agreements.

Service of JSC KOREM to ensure the readiness of the trading system for centralized trading in electric energy, starting from May 1, 2018, is paid by the wholesale market entity with electric energy from the volume of purchase and sale of electricity in the wholesale electricity market in the amount of 0.0033 tenge/kWh, according to the reasoned conclusion No. 38-1826/9393 on reducing the projected price for the service to ensure the readiness of the trading system for centralized trading in electric energy dated July 17, 2015.

With the help of Methodical instructions by calculation of tariffs for services of JSC KOREM You can find it here.

The service for organizing and conducting centralized trading of electric power includes:

• registration of participants in centralized auctions of electric power;
• organization and conduct of centralized trading of electric power;
• instructing centralized participants on how to work with the trading system;
• maintaining the trading system in constant working order for centralized trading of electric power.

The service of JSC "KOREM" for organizing and conducting centralized auctions of electric power is paid by participants of centralized auctions of electric power in the amount of 1,139,710 (one million one hundred and thirty-nine thousand seven hundred and ten) tenge without VAT.

Extract from the protocol of the in-person meeting of the Board of the joint-stock company "Kazakhstan electricity and power market operator" No. 9 dated September 25, 2019.

The service for organizing and conducting auctions includes:

• registration of participants in auctions for the selection of renewable energy projects;
• organizing and conducting auctions for the selection of renewable energy projects;
• instructing of participants in auctions on the selection of renewable energy projects by auction operators;
• maintaining the trading system in constant working order for conducting auctions for the selection of renewable energy projects.

The service of JSC KOREM for organizing and conducting auctions is paid by auction participants in the amount of 628,497 (six Hundred and twenty-eight thousand four hundred and ninety-seven) tenge without VAT.