ESCO News
Today, a consultation meeting was held between the Electricity System Commercial Operator and the World Bank's Energy Sector Security and Strengthening Mission Group to prepare for the ESCO international standard certification (ISO 27001)
The General Director of the Electricity System Commercial Operator Mr. Kakhaber Keburia, together with the representative of ESCO, participated in the conference Promoting Business Networking in the Energy Sector, organized by the United States Agency for International Development (USAID). The event was attended by representatives of public, private, donor, and investor companies in the energy sector, as well as financial institutions. The Director of USAID/Georgia Economic Growth Office Mr. Michelle Koselski and USAID Georgia Energy Futures Program Manager Mr. Robert Taylor introduced themselves to the conference participants.
Today is the jubilee day of Ms. Nana Kurtanidze, Chief Specialist of the Financial Reporting and Accounting Department of the Electricity System Commercial Operator. ESCO wishes Ms. Kurtanidze a Happy Birthday with much love, respect, and best wishes...
From September 26, 2023, the Electricity Market Operator has registered the “Magharo Capital” LLC to take part in the wholesale trade as Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.
The General Director of the Electricity System Commercial Operator Mr. Kakhaber Keburia participated in the presentation of the Renewable Energy Promotion Component at the invitation of the "Make in Georgia" agency of the Ministry of Economy and Sustainable Development...
From September 22, 2023, the Electricity Market Operator has registered the “Rouji” LLC to take part in the wholesale trade as a Wholesale Supplier of Electricity, in accordance with the “Electricity (Capacity) Market Rules”.
The ESCO Director General Mr. Kakhaber Keburia participated in APEX (Association of Power Exchanges) 2023 Conference, organized by the Turkish Electricity Market Operator EPIAS/EXIST in Istanbul...
A working meeting with representatives of the Ministry of Economy and Sustainable Development and the State Electricity System of Georgia was held in ESCO.
The meeting discussed the changes that are planned to be introduced to the "Electricity (Capacity) Market Rules". Preparation of the package of amendments and specific proposals were talked over.
In August 2023, the quantity of balancing electricity, purchased (sold) through ESCO was 119 963 275 kWh, which represents 8% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 16 368 024.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In August, the Weighted Average Price of balancing electricity per kWh made up 13.6441957 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 1.857 Tetri.
The management of the Electricity Market Operator together with the relevant agencies held a working meeting with representatives of the Georgian State Electricity System.
The meeting discussed the issue of electricity flow with neighbouring countries and the possibility of working in parallel mode.
