GEORGIA: Electricity Market Model Concept (Government Resolution No. 246 of 2020)
The Electricity Market Model Concept (Government Resolution No. 246 of 2020) establishes general principles for organizing and functioning of the wholesale trade electricity market in the country. The Market Concept aims: (a) to establish attractive environment for investors and to provide free options for consumers by way of developing competitive and transparent electricity markets; (b) to form organized electricity markets, inter alia, day-ahead and intraday markets, as well as balancing and ancillary services market and the market for bilateral agreements; (c) to provide clear distinction between the duties and responsibilities of the entities functioning in the energy sector; (d) to form competitive and liquid market price.