ESCO News
On June 25, 2018, ESCO announced the electronic tender for Internet and intranet software development (SPA 180005778), the estimated value of which is GEL 20000 (VAT excluded). The deadline for submitting the tender proposal ends on July 4, 2010, at 13:00.
The Electricity Market Operator conducts seminars related to the end of the second stage of updating its own website. New technical services have been added to the information portal of ESCO, including the conversion of trade documentation to electronic format. This is a significant novelty in the direction of the trade process and simplification of the Georgian market.
In May 2018, the quantity of balancing electricity, purchased (sold) through ESCO was 87 225 285.3 kWh,
which represents 7% of total delivery to the grid in mentioned month. The cost of balancing electricity have made up GEL 11 569 730.3.
♦ - Sold through the direct contracts
♦ - Balancing electricity
In May, the Weighted Average Price of balancing electricity per kWh made up 13.2641931 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 1.818 Tetri/kWh.
The fourth meeting-presentation of the new technical services of the updated webpage took place in the Electricity Market Operator. The guests of ESCO were the representatives of: “Telasi” JSC, “Geo Servers” Ltd, “BFDC Georgia” Ltd, “Georgia-Urban Energy” Ltd, “Ajar Energy-2007” Ltd and “Eastern Energy Corporation” Ltd.
Heads of “Telasi” JSC, “Geo Servers” LLC, “BFDC Georgia” LLC, “Georgia-Urban Energy” LLC, “Ajar Energy 2007” LLC and “Eastern Energy Corporation” LLC visited the Electricity Market Operator.
The Electricity Market Operator held a business meeting with the representatives of Qualified Enterprises. The purpose of the meeting was to introduce to the guests the new functions of ESCO website, with the specificities of its management and technical features of operation of those new functions, as well as to include the Qualified Enterprises into the test mode of communication using the new functions of ESCO’s website.
From May 23, 2018, the Electricity Market Operator has registered the “KHEORI HPP” LTD to take part in the wholesale trade as a Small Power Plant, in accordance with the “Electricity (Capacity) Market Rules”.
From May 22, 2018, the Electricity Market Operator has cancelled the registration of “KHEORI HPP” 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.
In April 2018, the quantity of balancing electricity, purchased (sold) through ESCO was 190 626 483.1 kWh, which represents 18% of total delivery to the grid in mentioned month. The cost of balancing electricity have made up 23 137 560.8 GEL.
♦ - Sold through the direct contracts
♦ - Balancing electricity
In April, the Weighted Average Price of balancing electricity per kWh made up 12.1376424 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 11.248 Tetri/kWh.
The Electricity Market Operator carries out modernization of its website in the process of development of a new model of electricity market. Adding new functions to the website means switching to the electronic format of creation and storage of trading process and related documents. In this respect, ESCO has organized the cycle of meetings with the managers and representatives of Eligible Enterprises...
