Prospects of electricity market liberalization in Georgia

Authors

  • Giuli Giguashvili Gori State University, Georgia, Georgia
  • Aleksandre Sadagashvili A second-year student in the Bachelor’s Programme of Law, Gori State University, Georgia, Georgia

DOI:

https://doi.org/10.31498/2225-6725.1(38).2023.290269

Keywords:

electricity market liberalization, energy exchange

Abstract

In recent years, against the background of global risks, the covid-pandemic, and the unjust war between Russia
and Ukraine, energy security problems have emerged. Like the rest of the world, in Georgia, the need to solve the issues
related to energy supply, perfecting the relevant legislation, and liberalization of the electricity market is on the agenda.
In accordance with the agreement on the association of Georgia with the European Union, a strategy for the
Georgian electricity market's new model creation and implementation was planned. The article discusses the possibilities
of liberalization of the energy market of Georgia. Based on the quantitative-statistical analysis of the energy sector, the
mechanisms for improving its functioning have been identified.

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Published

2023-05-25

How to Cite

Giguashvili, G., & Sadagashvili, A. . (2023). Prospects of electricity market liberalization in Georgia. REPORTER OF THE PRIAZOVSKYI STATE TECHNICAL UNIVERSITY Section: Economic Sciences, (1(38), 87–92. https://doi.org/10.31498/2225-6725.1(38).2023.290269

Issue

No. 1(38) (2023): Вісник ПДТУ. Серія: Економічні науки

Section

Статті

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