ESCO News
From August 1, 2025, the Electricity Market Operator has registered the “El-Hub” LLC (in the part of Kaspi Solar Power Plant) 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”.
From May 29, 2025, the Electricity Market Operator has registered “Georgia Palace Hotel and Spa” LLC to take part in the wholesale trade as Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.
The General Director of ESCO, Mr. Tornike Kazarashvili, together with the company’s management team, held a consultative and informational meeting with the working group responsible for drafting the Energy Code of the Republic of Tajikistan.
During the meeting, ESCO representatives presented the functions of Georgia’s Electricity Market Operator to the visiting delegation. They also discussed the country’s legislative and regulatory framework, tariff policy, operational procedures, partner relations, as well as automated systems for settlements and metering, among other key topics
From July 17, 2025, the Electricity Market Operator has registered the „Mtkvari Hesi“ LLC to take part in the wholesale trade as Generation Licensee, (in part of Mtkvari HPP) in accordance with the “Electricity (Capacity) Market Rules” .
From July 16, 2025, the Electricity Market Operator has cancelled the registration of “Mtkvari Hesi” LLC as a Direct Consumer (in part of Mtkvari HPP) and in accordance with the “Electricity (Capacity) Market Rules”, it is no more considered as a wholesale trade participant.
In June 2025, the quantity of balancing electricity, purchased (sold) through ESCO was 184 025 716.5 kWh, which represents 14% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 26 228 461.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In June, the Weighted Average Price of balancing electricity per kWh made up 14.2295794 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 4.021 Tetri.
From July 15, 2025, the Electricity Market Operator has registered the “Gross Energy Trading” LLC to take part in the wholesale trade as a Wholesale Supplier of Electricity, in accordance with the “Electricity (Capacity) Market Rules”.
From July 15, 2025, the Electricity Market Operator has registered the “Gross Energy Trading” LLC to take part in the wholesale trade as an Importer, in accordance with the “Electricity (Capacity) Market Rules”.
From July 15, 2025, the Electricity Market Operator has registered the “Gross Energy Trading” LLC to take part in the wholesale trade as an Exporter, in accordance with the “Electricity (Capacity) Market Rules”.
The Minister of Economy and Sustainable Development, Mariam Kvrivishvili, introduced the new General Director, Tornike Kazarashvili, to the staff of the company.
“Tornike is a professional in the field and has a thorough understanding of both the opportunities and challenges within the energy sector. ESCO has played a crucial role in maintaining the stability of the country’s electricity sector, and I am confident that the company’s new head, together with his professional team, will successfully fulfill the tasks entrusted to them,” stated Mariam Kvrivishvili.
