The energy exchange was established in Georgia as part of the energy system reform. According to the
Minister of Economy Natia Turnava, the launch of the energy exchange is one of the most
important steps in the frames of the energy
is actively involved in the energy system reform to rebuilt the country's
energy market according to European standards.
The market opening, stimulation
of competition, the development of alternative energy, the introduction of
energy efficiency standards - all these measures are aimed to bring the
country's energy system to European standards.
One of the most important
steps is the launch of the energy exchange.
At the first stage, electricity will be sold on the exchange and later - energy
This will prove that our energy market is competitive, the energy
exchange will more effectively protect the rights of consumers, give them a
wider choice of sources of energy, and will reduce electricity prices, ” the Minister
According to Natia
Turnava, the energy exchange will be a neutral, independent, objective, and
transparent commercial organization, which will operate the energy market as soon as a license is
The exchange will start operating in 2021, among the
founders are the JSC Georgian State
Electrosystem (GSE) and the JSC Electricity
System Commercial Operator
which are engaged in wholesale delivery and
distribution of electricity.