28/12/2023

While on December 19, 2023, “Georgian Water and Power” LLC and “Rustavi Water” LLC merged and in result, “Rustavi Water” LLC no longer exists as a legal entity, the Electricity Market Operator has cancelled the registration of “Rustavi Water” LLC as a Direct Consumer from December 19, 2023 and in accordance with the “Electricity (Capacity) Market Rules”, it is no more considered as a wholesale trade participant

21/12/2023

Within the framework of a representative visit of the Georgian public sector to Sydney, Australia, Mr. Kakhaber Keburia, General Director of the “Electricity System Commercial Operator”, participated in the project "Energy and Hydrogen Sector Security Preparation Program," organized by the Spanish project consortium "Mercados Aries International SA" and the German energy company "INTEGRATION Umwelt und Energie GmbH."

18/12/2023

From December 18, 2023, the Electricity Market Operator has registered the “Maxenergy” JSC to take part in the wholesale trade as a Wholesale Supplier of Electricity, in accordance with the “Electricity (Capacity) Market Rules”.

14/12/2023

In November 2023, the quantity of balancing electricity, purchased (sold) through ESCO was 228 582 275 kWh, which represents 22% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 34 130 915.

- The electricity sold through the direct contracts

- Balancing electricity

In November, the Weighted Average Price of balancing electricity per kWh made up 14.9315671 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 11.733 Tetri.

13/12/2023

From December 9, 2023, the Electricity Market Operator has registered the LLC “Parvus” to take part in the wholesale trade as a Small Power Plant in the part of Toloshi HPP, in accordance with the “Electricity (Capacity) Market Rules”.

13/12/2023

From December 8, 2023, the Electricity Market Operator has cancelled the registration of “Parvus” LLC, in the part of Toloshi HPP, 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.

13/12/2023

From January 1, 2024, the Electricity Market Operator has cancelled the registration of “Electricity Trader” LLC as an importer, exporter and wholesale supplier of electricity and in accordance with the “Electricity (Capacity) Market Rules”, it is no more considered as a wholesale trade participant.

12/12/2023

Mr. Alexander Papiashvili, Deputy General Director of the Electricity System Commercial Operator, together with Mrs. Tamar Tsurtsumia, Head of the International and Investors Relations Department, and Mrs. Anna Tomaradze, Head of the Legal Department, met with the German Economic Team (GET), an organization established by the German Ministry of Economy and Climate, to discuss the preparatory works of the submarine electric cable project planned in the Black Sea.

06/12/2023

ESCO held a meeting with the well-known Turkish trading company "Axpo Turkey Enerji A.Ş". The purpose of the meeting was for the guests to discuss business opportunities and prospects in the field of energy trade in Georgia...

 

06/12/2023

“Mestiatchala Energy” LLC (in the part of Mestiatchala 1 HPP) is registered as a qualified enterprise to take part in the wholesale trade as Power Plant - During The Test Run And/Or Complex Testing, in the amount of 60 calendar days from December 4, 2023, in accordance with the “Electricity (Capacity) Market Rules”.