Abstract
The energy sector is a fundamental element of the economic structure of any state, determining its sustainability, competitiveness and ability to innovate. In this context, Kazakhstan, which has significant reserves of hydrocarbons, energy sources and renewable properties, finds itself at the crossroads of solving issues of energy policy, innovation and sustainable development. The electricity sector is a priority resource necessary to maintain the economic security of the country. This is relevant due to the rapid growth of industrial production and demography in order to maintain increasing demand and increase electricity generation in the country. The purpose of this scientific work is focused on the economic analysis of electricity generation and consumption, as well as the identification of shortcomings and the proposal of recommendations to ensure the sustainable development of the energy sector in Kazakhstan. Using the scientific method of analysis, the study aims to identify trends that determine the level of electricity consumption in the country, as well as to offer recommendations for the sustainable and effective development of this industry. The article is a valuable contribution to strengthening and modernizing the energy system of the country. The results of the research are: the current state of Kazakhstani energy sector is revealed against the background of anti-Russian sanctions, increased energy prices and global uncertainty; a comparative analysis of electricity production is carried out; an economic assessment of primary and final energy consumption from 2015 to 2023 was carried out; the reasons for changes in electricity generation and consumption from the perspective of industrial and consumer demand growth were substantiated; shortcomings were revealed and proposals were made to improve the development and consumption of electricity in the republic. The results obtained have significant potential to initiate certain transformations in the energy sector of Kazakhstan. The article is a scientific work contributing to the development of theory and practice in the field of energy in Kazakhstan. This research contributes to the further development of energy consumption and improvement of the country's energy infrastructure, ensuring its sustainability and competitiveness in the long term.