The authorized body represented by the Ministry of Energy of the Republic of Kazakhstan manages power industry on the basis of the Republic of Kazakhstan Law dated July 9, 2004 No. 588-II “On Power Industry”. Electricity production sector is regulated by this legislative act.
Services for transmission and distribution of electricity fall within natural monopolies and are regulated by the Law of the Republic of Kazakhstan d/d July 9, 1998, No. 272-I “On Natural Monopolies”. The state body managing in the area of natural monopolies is the Committee for Regulation of Natural Monopolies and Protection of Competition of the Republic of Kazakhstan Ministry of National Economy.
In accordance with the order of the Acting Minister for Investment and Development of the Republic of Kazakhstan dated October 15, 2014 No. 67, the Committee for Geology and Subsoil Use of the Ministry of Investment and Development of the Republic of Kazakhstan performs the following functions in the coal industry:
- Exercises state control over the study and use of subsoil;
- Within the limits of its competence, monitors and controls over the performance of contract terms by subsoil users;
- Carries out state monitoring of subsoil;
- Exercises other powers set out in the legislation of the Republic of Kazakhstan.