Publications → Macroeconomic Policy

Regulatory reform and market development in power sectors of transition economies: the case of Kazakhstan

Kazakhstan is at the forefront of power sector reform in the EBRD’s countries of operations. Starting in 1996, a regulator was set up, the industry was unbundled, some distribution and generation companies were privatised, and the large user market was liberalised. A number of reform challenges remain, however, in the areas of privatisation, regulation and competition. This paper proposes that the remaining distribution companies be privatised with a view to raising the level of cash collection.