20/07/2018

In ESCO, two-day meetings were held related to the new model of electricity market, as part of technical support of the Energy Community.

The meetings were attended by the representatives of Energy Community, Slovenian Power Market Operator (BORZEN), Slovenian Power Exchange and the Association of European Energy Exchanges (EUROPEX). They will study the current situation and prepare a recommendation document for Georgia for the operation of electricity market, taking into account the best European practices and features of our market.

20/07/2018

As part of the modernization and reform of Georgian Electricity Market and the existing electricity trading model, ESCO's representatives have traveled together with the delegation from “G4G”, Georgia Customs and GSE to the Capital City of Serbia - Belgrade on a business trip, organized by USAID. The purpose of this business trip was to familiarize the Georgian delegation with the Serbian model of Customs’ procedures and clearance of cross-border trade of electricity.

19/07/2018

On 17 July 2018, at 12:00 o’clock Georgian Time, at ESCO’s office, attended by the authorized representatives of applicant companies, documentations presented by the companies taking part in expression of interest on import of electricity into the Georgian Power System in August 2018, made public on 10 July 2018, was revealed for review.   

Two companies have expressed their interest in conducting an Import of electricity to Georgia – “Elgreen Holdings Incorporated” and “Интер Рао ЕЭС”.

The best offer was submitted and subsequently declared a winner – “Интер Рао ЕЭС”.

17/07/2018

From July 13, 2018, the Electricity Market Operator has registered the “Kutaisi Investments” LTD to take part in the wholesale trade as Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.

17/07/2018

From July 12, 2018, the Electricity Market Operator has registered the “KASLETI 2” LTD (in the part of “Kasleti 2” HPP) to take part in the wholesale trade as Power Plant - During The Test Run And/Or Complex Testing, in accordance with the “Electricity (Capacity) Market Rules”.

13/07/2018

In June 2018, the quantity of balancing electricity, purchased (sold) through ESCO was 46 784 986.5 kWh,

which represents 4% of total delivery to the grid in mentioned month. The cost of balancing electricity have made up GEL 5 939 770.

- Sold through the direct contracts

- Balancing electricity

In June, the Weighted Average Price of balancing electricity per kWh made up 12.6958890 Tetri, while the price of balancing electricity of the deregulated hydro power plants was  1.818 Tetri/kWh.

10/07/2018

JSC "Electricity System Commercial Operator” is pleased to announce acceptance of submitted applications for the import of electricity in August 2018, approximate volume of Import is 81 mln kW.h.
Any interested party (a non-resident legal entity) has the right to submit an offer.

The deadline for submitting the application is: 16 July 2018, 17:00 (Tbilisi time)

The discussions of submitted applications will be held on 17 July, 2018, at 12:00 (Tbilisi time), at the Office of JSC "Electricity System Commercial Operator” (2 Baratashvili Street, Tbilisi, Georgia, 5th floor, room №16).

10/07/2018

From July 06, 2018, the Electricity Market Operator has registered the “ACHAR ENERGY-2007” LTD (in the part of Kirnati HPP) to take part in the wholesale trade as Power Plant - During The Test Run And/Or Complex Testing, in accordance with the “Electricity (Capacity) Market Rules”.

26/06/2018

On June 25, 2018, ESCO announced the electronic tender for Internet and intranet software development (SPA 180005778), the estimated value of which is GEL 20000 (VAT excluded). The deadline for submitting the tender proposal ends on July 4, 2010, at 13:00.

15/06/2018

The Electricity Market Operator conducts seminars related to the end of the second stage of updating its own website. New technical services have been added to the information portal of ESCO, including the conversion of trade documentation to electronic format. This is a significant novelty in the direction of the trade process and simplification of the Georgian market.