Population	4.45 mln
GDP/Capita	$271 (PPP: $3,100)
Generation	Hydro: 82% Fossil fuel: 18%
Electricity Market Size	8.169 TWh/year
Deficit of installed capacity over demand	50 MW
Net Electricity Importer	433 million kWh
Natural Gas Imported	1,683 bcm
Natural Gas Consumed in 2006	1,683 bcm

• Established in 1996, 5 Commissioners and 84 staff members
• Mr. Guram Chalagashvili was appointed as Chairman on August 30, 2007. The President appoints three Commissioners: Chairman and Commissioners for six year term. The term can be extended once for 6 years.
• The GNERC establishes prices for imports and exports, wholesale, retail, distribution tariffs for electricity and natural gas, issues licenses, promotes privatization and the operation of the wholesale electricity market; settles disputes between the licensees and the customers.
• The GNERC is financed through regulatory fees.

Electricity

• Ministry of Energy
• GNERC
• ESCO (Electricity System Commercial Operator)
• Transmission and Dispatch
• DisCo (3)
• Private Generation Companies

Natural Gas

• Georgian Gas and Oil Corporation (oil and gas pipelines and fields) GGOC
• Kaztransgas Tbilisi (Distribution company)
• Regional private gas companies

• Newly established Electricity System Commercial Operator (ESCO)
• Amalgamation of 4 major gas and oil companies into GGOC;
• Diversification of gas supply. Currently Georgia receives gas from Russia, Azerbaijan and SCP.
• UDC (United Distribution Company) and 6 HPP were privatized by the Czech company Energo Pro Georgia.

#26 Chechelashvili str, Kutaisi, 4600, Georgia,
Tel.: (995 231) 4 42 81; (995 231) 4 42 92; (995 231) 4 42 94; Fax: (995 231) 4 42 02
Internet: http://www.gnerc.org
http://www.erranet.org/AboutUs/Members/Profiles/Georgia