History | About Company | КОРЭМ
Joint-Stock Company Kazakhstan electricity and power market operator

History

Joint-stock company "Kazakhstan electricity and power market operator" (hereinafter - JSC KOREM, the Company) was established in accordance with the Decree of the Government of the Republic of Kazakhstan dated April 20, 2000 No. 606 "On additional measures to improve the efficiency of the wholesale market of electric energy and power" in order to further improve the wholesale market of electric energy and power.

In accordance with the Decree of the Government of the Republic of Kazakhstan dated February 18, 2004 № 190 "On measures for further development of market relations in electricity industry of the Republic of Kazakhstan" order of the Minister of energy and mineral resources of the Republic of Kazakhstan from March 4, 2004 No. 54 JSC KOREM appointed as Operator of the market of centralized trading of electric energy.

The resolution of the Government of the Republic of Kazakhstan from October 24, 2006 № 1020 "On the transfer of state packages of shares of certain joint-stock companies to the authorized capital of the joint-stock company "Kazakhstan holding for state asset management "Samruk" shares of JSC KOREM were transferred to the authorized capital of the specified joint-stock company. Currently, the sole shareholder of the company is the joint-stock company "National welfare fund "Samruk-Kazyna".

In accordance with sub-paragraph 53) of article 5 of the Law of the Republic of Kazakhstan "On electric energy industry", by order of the Minister of energy of the Republic of Kazakhstan No. 226 dated March 20, 2015, JSC KOREM was designated as the operator of the centralized trading market. JSC KOREM operates as a centralized trading market operator in accordance with the above-mentioned Law, the Rules of organization and functioning of the wholesale electricity market approved by order No. 106 of the Minister of energy of the Republic of Kazakhstan dated February 20, 2015, and the Rules of organization of centralized electricity trading approved by order No. 137 of the Minister of energy of the Republic of Kazakhstan dated February 24, 2015.

In accordance with the Entrepreneurial Code of the Republic of Kazakhstan (hereinafter referred to as - the Code), the Company has been included in the list of socially significant market entities since January 1, 2017.

In accordance with subparagraph 5-6) of article 6 of the Law of the Republic of Kazakhstan "On support for the use of renewable energy sources", by order of the Minister of energy of the Republic of Kazakhstan No. 280 dated August 7, 2017, JSC KOREM was designated as the auction organizer, which organizes and conducts auctions.

The Company's activities as a centralized trading market operator and auction organizer are directly prescribed and fully regulated by the Laws of the Republic of Kazakhstan "On electric energy" and "On support for the use of renewable energy sources»

For information about the functions assigned to JSC KOREM, see the section "Mission, vision and functions".



Trades calendar


Trades outputs
August 2020 2021
The day ahead spot-trades
max price, KZT/kW*h 8.500 8.650
min price, KZT/kW*h 8.500 8.650
Forwards trades
max price, KZT/kW*h 1.100 11.000
min price, KZT/kW*h 1.100 1.460
Trades volume (th. kW*h)
The day ahead spot-trades 2 280 87 144
Forwards trades 1 176 42 744