Coal will rise in price by 30% – the forecast of the Ministry of Energy of the Republic of Kazakhstan

The Ministry of Energy of Kazakhstan predicts an increase in the prices of coal market prices due to increase in costs of energy-producing organizations, Kazinform reports

According to Vice Minister Zhandos Nurmaganbetov, the cost of coal is expected to increase by 7% from August 1st this year, the cost of coal from the Bogatyr-Komir open pit is expected to increase by 5% from September 1st and by 5% from December 1st.

“In general, during 2022, the cost of coal will increase by 30%. The price of coal delivery by rail has increased since the beginning of 2022 on average in Kazakhstan by 5%. In addition, from July 1, 2022, the average cost of commercial gas in Kazakhstan for energy-producing organizations has increased by 15%,” he said at a press conference at the Central Communications Service.

Zh. Nurmaganbetov noted that the current level of marginal tariffs does not fully cover the costs of energy-producing organizations. Thus, the accident rate of enterprises increased by 20%.

Therefore, from July 1st, the marginal tariffs for electricity were revised. The average increase in the marginal tariffs of energy producing organizations in Kazakhstan is projected at the level of 10-12%.

“The adjusted marginal tariff also takes into account bringing the level of wages of production personnel of stations to the average level of wages,” the vice minister explained.



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