“Georgia’s  energy exchange will be a neutral, independent, objective and transparent commercial organization”

“Georgia’s energy exchange will be a neutral, independent, objective and transparent commercial organization”

access_time2019-12-06 15:25:36

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 system reform.

“Our Ministry 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 generating capacities.


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 notes.

 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 obtained.

 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.


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