The objective of this Regulation is to set forth the principles and procedures regarding balancing of the active electricity demand and supply and settlement. It covers duties, powers and responsibilities of the parties involved in balancing mechanism and settlement, and the principles and procedures applicable to the balancing of active electricity supply and demand as well as the financial settlement of the receivables and payables of licence holder legal entities arising from participation in balancing mechanism and settlement.

The law establishes the general principles for the procurement of goods and services and the basic requirements for the procurement of goods and services by public corporations, state-owned companies, natural monopolies, legal entities engaged in activities in the field of electricity, gas, heating, water supply, sewerage, waste-water treatment, recycling, disposal of solid waste, state enterprises and municipal enterprises, autonomous institutions and business entities with the state participation in the share capital in the amount of more than 50 per cent of shares, and and their subsidiaries.

This report provides comprehensive information on Turkey’s renewable energy market, environmental technologies and its growing energy efficiency policies. As impressive as these achievements have been in Turkey, tremendous potential still remains in the development of alternative energy and energy efficiency projects.

The law establishes the legal requirements for safety and security on the the objects of fuel and energy complex, except for the nuclear power plants. The law in order to prevent acts of trespass of unauthorized personnel and defines the powers of the federal authorities and state authorities in the energy governance, as well as the rights and responsibilities of the owners of the objects of the fuel and energy complex.

The law specifies the establishment of the information system which shall contain the information on different energy sectors: oil, gas and coal production, refining, petrochemical, shale oil and gas production, peat industry, transportation, electric power industry and heating and provides information on legal entities and individual entrepreneurs engaged in relevant activities, information on energy markets and pricing, the use of energy resources and their consumption forecast, actual and anticipated energy reserves, their quality characteristics, information about the international energy treaties and the environmental aspects of the fuel and energy complex. The Russian government is authorized to approve, in particular, the procedure for the establishment and operation of the information system, procedure of uploading of information in the system and access to the information. The system shall be operated by the Ministry of Energy as the executive authority responsible for the development of the state policy in fuel and energy sector.

This Law is aimed to create a reliable legal framework and perfect institutional environment for stable functioning of the independent national regulatory Authorities operating in Georgia, with a view to ensuring in various fields of economy the equilibrium of interests of license holders and consumers, efficient price formation and supply in respect to the goods and services. It establishes: 1. the independence of the independent regulatory Authorities operating in Georgia from political pressure of any kind, from improper influence and illegal interference of State Authorities or other persons, as well as from any acts as may infringe on their independence; 2. the authority to effect perfect regulation of any specific field; 3. the responsibility to ensure the transparency and reliability of decision-making process; the main principles of the creation, activities and organization of independent regulatory Authorities.

Based on Law of Georgia on Electricity and Natural Gas, Georgian National Energy and Water Supply Regulatory Commission has approved the Annexed Network Code. The Network Code sets procedures, terms, principles and standards for development, management, availability and secure utilization of transmission network by electricity system participants and applicants.

Rule of Calculation Electricity Normative Losses sets principles and rule of calculation of electricity energy normative losses in electrical networks for transmission and distribution licensees. Electricity normative losses consists of technical losses, own consumption of electricity by substation and commercial losses (set standard - no more than 5%).

Based on the Law on Electricity and Natural Gas, this Resolution establishes the following: 1.Tariff Setting Methodology for Electricity Distribution, Pass Through and Consumption Tariffs shall be approved (Annex N1); 2. Tariff Setting Methodology for Electricity Generation, Transmission, Dispatch and Electricity Market Operator Service shall be approved (Annex N2); 3. Regulated assets depreciation/amortization rates of utilities under tariff regulation shall be approved (Annex N3); 4. This resolution shall enter into force on the date of its publication. 5. Upon entry into force of this resolution the resolution of June 8 2011 N 11 on adoption of Electricity Tariff Setting Methodologies shall be declared invalid.