Trade with electricity will begin in daily, and bilateral contracts' markets in July 2021, the power market report by Galt & Taggart reads.
Specialists say the commerce will continue by bilateral contracts as it is currently underway.
The energy stock change was founded in December 2019, as a joint enterprise of Georgian State Electrosystem and JSC Electricity System Commercial Operator ESCO.
Irina Milorava chairs the energy stock change.
The energy stock change cooperates with Nord Pool Consulting to create trade platforms and develop the rule of their functioning.
The initial launch of the energy platforms will take place in July 2020, and full-scale operations will begin after a year test.
The wholesale public service provider (allegedly, ESCO) will be responsible for the price stability and supplying Abkhazia with power.
The public service provider is authorized to trade at the power markets but mainly should follow the price difference contracts to ensure price stability.
Following the contract, the company will compensate for the difference between a fixed or pledged price and market price.
The wholesale public provider will guarantee the price stability for the following players of the market:
• power stations with contracts on the guaranteed purchase of the power (PPA);
• power stations with other encouraging plan offered by the government;
• universal service providers (companies supplying electricity to population and other end-users);
• regulated power stations (Enguri, for example);
• providers with guaranteed power (thermal powers, for example).
Notably, power consumption decreased by 7.8% in March 2020. Specialists project the drop to continue until September.
Bela Gelashvili
News Author