ESCO - Electricity System Commercial Operator

The Electricity System Commercial Operator “ESCO” is designated by law as the electricity Market Operator of Georgia, where the overall wholesale electricity trading takes place through direct contracts entered into between sellers and buyers. ESCO takes care of the difference between the estimated volumes of the direct contracts and the actual transactions (i.e. balancing electricity). ESCO registers the direct contracts entered into by the buyers and sellers, maintains a detailed database to determine the electricity volumes delivered either through direct contracts or through the balancing market in a given settlement period, hence, providing complete information about the supplies and up-take in the overall power system.

ESCO is a Joint Stock Company with the State Partnership Fund as the sole owner, while the management rights are retained by the Ministry of Energy of Georgia.

Facts & Figures

Headquarters

N. Baratashvili str. 2

0105 Tbilisi

Georgia

Date of foundation

1 September 2006

General Director

Zaza Dvalishvili

Number of employees (2019)

74

Annual report(s)

Website

Traded commodities and traded volumes in 2020

Total electricity: 12.7 TWh

Direct contract: 9.6 TWh

Sold through ESCO balancing market: 3.0 TWh

Europex GA member

Zaza Dvalishvili

General Director

Europex contact person

Tamar Tsurtsumia

Head of the International and Investments Relations Department
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General contact details

ESCO

Electric System Commercial Operator, Ltd
N. Baratashvili str. 2
0105 Tbilisi
Georgia