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Today, the first High-level Policy Talks on the electricity market of Georgia organized under the auspices of the EU4Energy Governance Project*, which is implemented by the Energy Community Secretariat, take place in Tbilisi. The event aims to kick-start the discussions on the challenges and perspectives of electricity sector reforms in Georgia, focusing in particular on the draft Energy Law aimed at transposing the Third Energy Package into Georgia’s national legal framework, based on the country’s commitments under the EU/Georgia Association Agreement and the Energy Community Treaty. The High-level Policy Talks bring together key stakeholders, including government and regulatory authorities, members of parliament, representatives of NGOs, civil society, electricity producers and suppliers.
Opening the event, Mr. Ilia Eloshvili - Minister of Energy of Georgia, stressed:
“Establishment of main postulates of EU energy market requires the thorough assessment of the current state of play in energy sector of Georgia, interactions between market players and the implications of reform options in order to secure smooth transition to an efficient and liberalized energy market, especially when neighboring countries are not committed to follow the same path and scale which makes the creation of regional single market significantly challenged. At this point, we consider that by sharing respective expertise and experience in the scope of the EU4Enmergy Governance project and the Energy Community Secretariat our capacity to reform the energy market will be strengthened, in particular there is more room and closer timelines to modernize electricity market at first which will be followed by gas market reforms.”
Speaking at the event, Head of the EU Delegation to Georgia, Amb. Janos Herman said:
“By joining the Energy Community Treaty, Georgia has committed to adopting EU laws and principles which will provide Georgians with more environmentally friendly, stable and secure energy. The draft Energy Law discussed today is a big step in this direction and we are confident that the Government will continue working on it as a priority. Meanwhile, the EU is ready to step up support for Georgia in this process.”
Energy Community Secretariat Director, Mr Janez Kopač said: “The pace of legislative change in Georgia needs to rapidly accelerate if the country is to meet its obligations under the Energy Community Treaty on time. Aligning its legal framework to that of the Energy Community and thus the European Union is key for the creation of an open, competitive and liquid electricity market for the benefit of energy consumers. To render its electricity market sustainable, Georgia must ensure full opening of the electricity market, while gradually moving away from price regulation. Political will at the highest level coupled with technical know-how is the recipe for completing these reforms successfully. This is why today’s event, which brings together all relevant stakeholders, is an important step in the effort to reform Georgia’s electricity market.”
The technical sessions of the event will provide capacity building to Georgian authorities and other stakeholders in order to tackle the main requirements under the draft Law on Energy and their practical implications, the core design of the electricity wholesale and retail markets and relations in regulated and non-regulated market segments and their impacts on retail prices. The new Energy Law will bring transparency to energy markets and competition for the benefit of consumers.
* The EU4Energy Initiative is part of the Eastern Partnership. In this specific initiative, the European Union works with the six Eastern Partner countries (Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine), as well as the five states of Central Asia (Kazakhstan, Kyrgyzstan, Tajikistan, Turkmenistan and Uzbekistan), to improve energy supply, security and connectivity, as well as to promote energy efficiency and the use of renewables in the region. The EU finances projects and programmes that promote energy market reforms and sustainable energy solutions to assist partner countries in reducing their energy dependency, making them more resilient, whilst also reducing their carbon footprint. These measures also help households and businesses manage more efficiently their energy consumption.
A robust legislative and regulatory framework is vital for the development of a sustainable energy sector. The EU4Energy governance project, part of the EU4Energy Initiative of the European Union, works with the six Eastern Partner countries to strengthen their legislative and regulatory frameworks, to draft policy recommendations, and to help identify investment opportunities in key strategic energy infrastructure projects.
For more information, please contact:
Energy Community Secretariat:
Svitlana Karpyshyna, Deputy Head of Unit / Renewables and Energy Efficiency Expert, Eastern Partnership Assistance Unit, Energy Community Secretariat
Tel: (+43) 1 535 22 22 253
European Union Delegation to Georgia:
Tamriko Mikadze, Press and Information Officer, European Union Delegation to Georgia
Tel: (+995) 32 294 37 63