ESCO News
From April 30, 2019, the Electricity Market Operator has registered the “Georgian Energy Trading Company” LTD to take part in the wholesale trade as electricity wholesale supplier, in accordance with the “Electricity (Capacity) Market Rules”.
On April 23, the Electricity Market Operator held a business meeting with the Transmission System Operator of Japan – TEPCO.
The purpose of the meeting was to familiarize with the current model of the Georgian electricity market and the terms of the contract for guaranteed purchase of electricity.
From April 22, 2019, the Electricity Market Operator has registered the “GEO POWER” Ltd to take part in the wholesale trade as importer, in accordance with the “Electricity (Capacity) Market Rules”.
From May 01, 2019, the Electricity Market Operator has registered the “Blockpower” LTD to take part in the wholesale trade as Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.
From April 22, 2019, the Electricity Market Operator has registered the “ENERGIA X” LTD to take part in the wholesale trade as electricity wholesale supplier, in accordance with the “Electricity (Capacity) Market Rules”.
From April 22, 2019, the Electricity Market Operator has registered the “ENERGIA X” Ltd to take part in the wholesale trade as importer, in accordance with the “Electricity (Capacity) Market Rules”.
From April 22, 2019, the Electricity Market Operator has registered the “ENERGIA X” LTD to take part in the wholesale trade as exporter, in accordance with the “Electricity (Capacity) Market Rules”.
Georgian Government Decree N144, March 25, 2019, "On the Approval of Mandatory Criteria For the Direct Consumers of Electricity" has introduced the amendment made to the Decree №18 of January 28, 2019 of the Government of Georgia. According to the amendment Mandatory Criteria for the Direct Consumers of Electricity were determined. According to the Decree large consumers, which meet mandatory criteria defined by the above-mentioned Decree, must be registered as Direct Consumers of Electricity no later than May 01, 2019.
ESCO’s General Director Vakhtang Ambokadze took part in the Energy Conference, held on April 12 at the Sheraton Tbilisi Metekhi Palace Grand Hotel, as part of the USAID Energy Program. Main topic of this Conference was the energy security in the Caucasus Region in the context of the opening of the energy market.
In March 2019, the quantity of balancing electricity, purchased (sold) through ESCO was 287 025 782.7 kWh, which represents 25% of total delivery to the grid in mentioned month. The cost of balancing electricity have made up GEL 38 624 787.5.
♦ - The electricity sold through the direct contracts
♦ - Balancing electricity
In March, the Weighted Average Price of balancing electricity per kWh made up 13.4569052 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 10.614 Tetri.
