GEORGIA: Law on Electricity and Natural Gas of 1997 (2019 Ed.)
The present law regulates relations and activities in the areas of electricity generation, transmission, dispatch, distribution, import, export and consumption, as well as in the areas of natural gas supply, transportation and distribution. The policy promotes the development of electricity and natural gas sectors in Georgia on the basis of market economy principles. The present law shall not apply to activities related to exploration, production, purification, processing, storage of natural gas, to relations between the producer of natural gas and supply licensee, to the transit of electricity and natural gas through the territory of Georgia. The policy focuses on a number of critical objectives, including: 1) enabling a competitive environment and regulation of existing non-competitive markets for establishing wholesale electricity and natural gas tariff systems that accurately reflect economically justified costs of electricity generation, transmission, dispatch, distribution, export, import, and consumption, as well as costs associated with natural gas transportation, distribution, supply and consumption; 2) provision of the legal basis for reliable electricity and natural gas supply for all categories of consumers; 3) encouraging domestic and foreign investments in rehabilitation and development of electricity and natural gas sectors; 4) encouraging the use of domestic gas resources.