ESCO News
In October 2017, the quantity of Balancing Electricity, purchased (sold) through ESCO was 254 273 249 kWh, which represents 26% of total delivery to the grid in mentioned month. The cost of Balancing Electricity have made up GEL 35 009 027.5.
♦ - Sold through the direct contracts
♦ - Balancing electricity
In October, the Weighted Average Price of Balancing Electricity per kWh made up 13.7682700 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 9.4 Tetri/kWh
On November 9-10, a political discussion was held in support of the electricity market reform, where Deputy Energy Minister Georgy Chikovani participated along with the Energy Union Director Janes Kopak, the EU Ambassador to Georgia Janos Herman and the representatives of various energy companies, including: ESCO, International experts, Chairman of the Parliamentary Committee for Sector Economics and Economic Policy, representatives of the State Minister Office for European and Euro-Atlantic Integration...
Chinese investors visited the Electricity Market Operator. During the advisory meeting, the staff of ESCO’s relevant sections discussed the following topics of interest for the guests: the structure of Electricity Market and the electricity trading model, as well as investment of funds in the construction of hpps in Georgia and guaranteed procurement of the electricity generated by the newly constructed power plants.
Important personnel changes were made to the Electricity Market Operator. On October 20, 2017, former Head of ESCO’s Trade Department - Rusudan Mazmishvili was appointed as the Deputy General Director of the ESCO...
In September 2017, the quantity of Balancing Electricity, purchased (sold) through ESCO was 225 996 238.6 kWh, which represents 24% of total delivery to the grid in mentioned month. The cost of Balancing Electricity have made up GEL 26 621 375.8.
♦ - Sold through the direct contracts
♦ - Balancing electricity
In September, the Weighted Average Price of Balancing Electricity per kWh made up 11.7795659 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 9.4 Tetri/kWh
On October 11, ESCO held a meeting with the representatives of International Monetary Fund and the Ministry of Finance.
Financial indicators of ESCO in 2016 have been discussed.
On October 6-8, ESCO held a field meeting/workshop in Borjomi. The employees of relevant departments of the Market Operator had delivered the presentations and proposals about current condition and future measures, associated with collection and processing of basic data on settlement, financial relations and other similar topics.
On September 26, presentation of the activities of leading energy companies (SIGMA GROUP, SKODA PRAHA, AUSTIN DETONATOR-ZPA, SMART ENERGY-ZIMA and TECHNIK-ARMATURY GROUP) of Czech Republic, initiated by the State Agency of Czech Trade Promotion – CzechTrade was held at the Electricity Market Operator (ESCO).
From September 21, 2017, the Electricity Market Operator has registered the “ADJARISTSQALI GEORGIA” Ltd to take part in the wholesale trade as Generation Licensee, in accordance with the “Electricity (Capacity) Market Rules”.
From September 20, 2017, the Electricity Market Operator has cancelled the registration of “ADJARISTSQALI GEORGIA” Ltd 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.
