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The Commercial Operator of Electric Power System

The Electricity System Commercial Operator (ESCO) has been functioning since September 1. ESCO was established on August 7, 2006, on the base of an amendment (July 9, 2006) to the law on "Electricity and Natural Gas" . The company started operating in September, 2010.

According to the №142 command of the Minister of Energy and Natural resources of Georgia, on August 10, 2011, ESCO has been reorganized into the Joint Stock Company, which is owned by the state (100% owner).       

 
The main function of ESCO:

• Purchase and sale of balance Electric Power (capacity) (including by means of conclusion of middle- and long-time import/export agreements);
• Trade with Guaranteed Stand-by Capacity as per Law of Georgia On Power Industry and Natural Gas and Electric Power (Capacity) Market Rules;
• Inspection of meters used in wholesale trade; 
• Setting up of a unified data base on wholesale purchase and sale, including creation and management of unified registry of reporting;
• On the basis of duly processed (analysed) relevant information supplied by dispatch licensee and qualified enterprises, establishment of actual volumes of electric power from sellers, buyers on the basis of electric power sold and/or bought or received (consumed), and submission of information on the final settlement;
• Facilitation to construction of new electric power plants;
• Carrying out the other procedures determined by the law.
   

 

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