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Georgian Electricity Market Model

Journal: Innovative Economics and Management (Vol.IV, No. 2)

Publication Date:

Authors : ;

Page : 238-244

Keywords : energy sector; energy market; market model; market participants.;

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The energy sector is the most prioritized one in the economic field. The associated agreement's (between Georgia and European Union) obligations contain important changes in different areas, especially in the energy sector and needs to be harmonized with European legal bases. Therefore, nowadays electricity sector has many challenges. To create competitive electricity market in Georgia, we must prevent any company having dominant influence on market. To modify the electricity market model into competitive market model it is necessary to create: Deadlines and conditions of energy sector's restructuration in the law; The regulations for easier access on the market and the alternative electricity suppliers; Developing an independent market operator and implementing competition on the retail market.

Last modified: 2018-05-21 16:39:50