ESCO News
The General Director of ESCO, Tornike Kazarashvili, and the President of the State Oil Company of the Republic of Azerbaijan, Rovshan Najaf, signed an agreement on electricity purchase, sale, and transit deviations between the two countries.
In April 2026, the quantity of balancing electricity, purchased (sold) through ESCO was 391 150 890.9 kWh, which represents 33% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 60 424 185.65.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In April, the Weighted Average Price of balancing electricity per kWh made up 15.560657265 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 11.478 Tetri.
On May 13, Tamar Tsurtsumia, Head of International and Investor Relations Department at ESCO, participated in the Electricity Market Integration Forum 2026 in Brussels.
The forum was dedicated to the issues of electricity market integration and development between the European Union and the Energy Community countries. The main discussion topics included the prospects for market integration, regulatory challenges, and the dynamics of forming a unified European energy market.
From May 11, 2026, the Electricity Market Operator has registered the “CitiVolt LLC” LLC to take part in the wholesale trade as Wholesale Electricity Supplier, in accordance with the “Electricity (Capacity) Market Rules”.
Interview with Tornike Kazarashvili, General Director of the Georgian Electricity Market Operator - ESCO, about the ongoing processes in the Georgian electricity market and the role and importance of the electricity market operator.
From April 28, 2026, the Electricity Market Operator has registered the “CitiVolt” LLC to take part in the wholesale trade as Free Supplier, in accordance with the “Electricity (Capacity) Market Rules”.
From April 18, 2026, the Electricity Market Operator has registered the “Zemo Wind” LLC to take part in the wholesale trade as a Generation Licensee in the part of Zemo Wind Power Plant, in accordance with the “Electricity (Capacity) Market Rules”.
From April 17, 2026, the Electricity Market Operator has cancelled the registration of “Zemo Wind” LLC, in the part of Zemo Wind Power Plant, as a Power Plant - During the Test Run and/or a Comprehensive Testing and in accordance with the “Electricity (Capacity) Market Rules”, it is no more considered as a wholesale trade participant.
From April 23, 2026, the Electricity Market Operator has registered the “Terralink” LLC to take part in the wholesale trade as Exporter and Importer, in accordance with the “Electricity (Capacity) Market Rules”.
From April 16, 2026, the Electricity Market Operator has registered the “Bakhvi 2” LLC (in the part of Bakhvi 2b) 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”.
