Prospects of electricity market liberalization in Georgia
DOI:
https://doi.org/10.31498/2225-6725.1(38).2023.290269Keywords:
electricity market liberalization, energy exchangeAbstract
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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