Georgia's electricity market model
Georgia is making strides toward low emission sustainable economic development. The country’s long-term (20-year) climate objectives, as laid out in the 2010 National Environmental Action Plan (NEAP) of Georgia, include implementing measures for adaptation to climate change and reducing greenhouse gas (GHG) emissions.
Through the EC-LEDS program, Georgia and the United States are working together to plan and manage Georgia’s economic development for a lower GHG emissions trajectory, focusing on the development and implementation of clean energy solutions at both national and subnational levels.
Georgia’s Ministry of Energy, with technical support from U.S. energy experts, is working to improve its national energy security by promoting investments in new hydropower plants and establishing an energy trading mechanism (ETM) through the implementation of the Georgia Electricity Market Model of 2015. The ETM provides the structural, technical, legal, contractual, and regulatory framework required to attract private investment and support regional electricity markets and trading.