ESCO News
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.
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”.
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.
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.
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.
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...
“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”.
From December 1, 2023, the Electricity Market Operator has registered “Udabno” LLC to take part in the wholesale trade as Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.
From November 27, 2023, the Electricity Market Operator has registered the “Parvus” LLC (in the part of Toloshi 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”.
The General Director of ESCO, Mr. Kakhaber Keburia, and his deputy, Mr. Alexander Papiashvili, participated in the European Energy Union Conference "Investment Support for Renewable Energy Sources". The event took place on November 16 in Ljubljana, Slovenia...
