ESCO News
In May 2024, the quantity of balancing electricity, purchased (sold) through ESCO was 274 406 385.0 kWh, which represents 20% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 34 063 206.6.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In May, the Weighted Average Price of balancing electricity per kWh made up 12.4134162 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 2.412 Tetri.
Kakhaber Keburia, General Director of the Electricity System Commercial Operator, on the opening of the transitional model of the Power Exchange on July 1, 2024, in the program: "Business Rustavi2."
From June 4, 2024, the Electricity Market Operator has registered the “Biji Treidi” LLC (in the part of Shevaburi 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 April 2024, the quantity of balancing electricity, purchased (sold) through ESCO was 349 137 928.1 kWh, which represents 32% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 53 455 469.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In April, the Weighted Average Price of balancing electricity per kWh made up 15.3107025 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 12.778 Tetri.
From April 24, 2024, the Electricity Market Operator has registered the “Georgian Investment Group Energy” LLC (in the part of Khobi 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”.
In March 2024, the quantity of balancing electricity, purchased (sold) through ESCO was 396 611 747.4 kWh, which represents 33% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 61 919 776.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In March , the Weighted Average Price of balancing electricity per kWh made up 15.6121892 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 18.643 Tetri.
The revised contractual application form, ratified on April 3, 2024, has been modified in accordance with Clause 4 of Sub-clause 8 of Ministerial Decree No. 77, issued by the Minister of Energy of Georgia on August 30, 2006, concerning the "Approval of the Electricity (Capacity) Market Rules" endorsed by JSC “Commercial Operator of the Electric System” and JSC “Georgian State Electrosystem.”....
From April 3, 2024, the Electricity Market Operator has registered the “RMG Gold” LLC to take part in the wholesale trade as Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.
On March 26, 2024, revisions were made to Decree No. 77 (dated August 30, 2006), issued by the Minister of Energy of Georgia, titled "Approval of the Electricity (Capacity) Market Rules." These revisions specifically pertain to the regulations and protocols of the registration process for direct electricity contracts.
From April 3, 2024, the Electricity Market Operator has registered the “RMG Auramine” LLC to take part in the wholesale trade as Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.
