ESCO News
In June 2024, the quantity of balancing electricity, purchased (sold) through ESCO was 163 289 272.8 kWh, which represents 11% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 24 089 199.3.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In June, the Weighted Average Price of balancing electricity per kWh made up 14.7403672 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 2.412 Tetri.
Please be informed, that changes to the Standard Conditions of Direct Contract on
Selling and Buying the Balancing Electricity and Guranteed Capacity Sale made by the the Decisions N23/2, N23/3 და N23/4 of 27 June 2024 of Georgian National Energy and Water Supply Regulatory Commission have been registered by Electricity Market Operator and Dispatch Licensee in accordance with the legislation.
The Electricity System Commercial Operator is delighted to announce the opening of Georgia's first Power Exchange. After extensive preparatory efforts, Georgia's electric energy sector has launched the Power Exchange today, on July 1, 2024, with the transitional model proposed by ESCO.️ From today onwards, voluntary trading of electricity on the Exchange is now possible.
From July 1, 2024, the Electricity Market Operator has registered the “Georgian Energy Exchange” JSC to take part in the wholesale trade as the Exchange Operator, in accordance with the “Electricity (Capacity) Market Rules”.
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.
