GEL Official Rate
WELCOME TO THE WEBSITE OF ESCO
The website of the Electricity Market Operator, in terms of its technical features and content is the best possible product in this field. Simple design, easy access through the links and quite informative news blocks will help you find the required info swiftly and effortlessly. Having historic database on the website is a good way to view and analyze the statistics. Operative data of current reporting period, regardless its forecasting nature, helps the interested individuals in planning their activities. The electricity export/import/transit news blocks are interesting and informative. The process of updating data on our website is very efficient. In parallel mode, the English version is also updated.
Settlement Indicators of July, 2024
In July 2024, the quantity of balancing electricity, purchased (sold) through ESCO was 125 606 342.5 kWh, which represents 8% of total delivery to the grid in mentioned month. The cost of balancing electricity has made up GEL 19 456 915.1.
◼ - The electricity sold through the direct contracts
◼ - Balancing electricity
In July, the Weighted Average Price of balancing electricity per kWh made up 15,6159665 Tetri, while the price of balancing electricity of the deregulated hydro power plants was 2.412 Tetri.
INFORMATION
The General Director of the Electricity System Commercial Operator (ESCO), Kakhaber Keburia, participated in a global energy system event, held on 25th August this year in Paris, organized by the International Council on Large Electric Systems (CIGRE). The event brought together 9,000 participants from over 100 countries in the energy industry, including 3,600 international experts and other key decision-makers.
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From August 2024, the Electricity System Commercial Operator introduced a significant innovation to the sector. Starting from this period, ESCO, in collaboration with the Dispatch Licensee, began the electronic registration of direct contracts and contractual applications based on the changes made to the Electricity (Capacity) Market Rules on 2nd August 2024. This is facilitated through the “Electronic Portal for Contract Registration” available on ESCO's website.
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The Electricity System Commercial Operator participated in the General Assembly meetings of the "Association of European Energy Exchanges" (EUROPEX). ESCO's Deputy General Director, Alexander Papiashvili, and the Head of the Department of International and Investor Relations, Tamar Tsurtsumia, delivered a presentation on the development of Georgia’s electricity market and the opening of the Power Exchange. EUROPEX positively evaluated the transitional model presented by ESCO for the Exchange's opening.
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From August 20, 2024, the Electricity Market Operator has registered the “Georgian Building Group Betoni” LLC to take part in the wholesale trade as Direct Customer, in accordance with the “Electricity (Capacity) Market Rules”.
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GUARANTEED CAPACITY (OPERATIONAL)
DAILY BALANCE
TRANSBOUNDARY FLOWS (CURRENT)
