ESCO News
The Electricity System Commercial Operator (ESCO) participated in the second “Electricity Market Integration Forum” (EMIF), held on May 20 in Brussels at the European Parliament. Deputy General Director Mr. Aleksandre Papiashvili and Head of the International and Investor Relations Department Ms. Tamar Tsurtsumia represented ESCO at the forum.
In April 2025, the quantity of balancing electricity, purchased (sold) through ESCO was 321 408 803.5 kWh, which represents 28% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 53 778 383.5.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In April, the Weighted Average Price of balancing electricity per kWh made up 16.7324946 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 12.677 Tetri.
From May 13, 2025, the Electricity Market Operator has registered the “Aquaenergy Trading” LLC to take part in the wholesale trade as a Wholesale Supplier of Electricity, in accordance with the “Electricity (Capacity) Market Rules”.
From April 25, 2025, the Electricity Market Operator has registered the “Metimpex” LLC to take part in the wholesale trade as Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.
As part of a consultation meeting with the Japanese company Tokyo Electric Power Company, ESCO representatives provided a detailed overview of topics of interest to the guests. They introduced them to the current operating model of Georgia's energy market, the specifics of trading relationships and mechanisms, as well as the prospects for the development of the country's electricity market.
In March 2025, the quantity of balancing electricity, purchased (sold) through ESCO was 387 072 893.3 kWh, which represents 38% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 64 560 434.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In March, the Weighted Average Price of balancing electricity per kWh made up 16.7203370 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 12.677 Tetri.
From April 2 to 4, ESCO’s Deputy General Director, Mr. Aleksandre Papiashvili, and Head of the International and Investor Relations Department, Ms. Tamar Tsurtsumia, participated in the Energy Week held in Bucharest, Romania.
From March 26, 2025, the Electricity Market Operator has registered the “Chiora Hesi” LLC (in the part of Chiora 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”.
In February 2025, the quantity of balancing electricity, purchased (sold) through ESCO was 554 155 369.6 kWh, which represents 45% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 93 038 965.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In February, the Weighted Average Price of balancing electricity per kWh made up 16.7898116 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 12.447 Tetri.
