02.09.2020 Release

2 September, 2020

The USAID Energy Program is announced the launch of a series of trainings on Competitive OTC Power Market Trading Platform Simulation to enable future competitive market participants to effectively engage in energy trading.

The launch ceremony took place at the Georgian National Energy and Water Supply Regulatory Commission (GNERC). The event featured opening remarks by GNERC Chairman David Narmania, USAID/Georgia Deputy Mission Director David Hoffman, Georgia’s Energy Exchange (GEE) General Director Irina Milorava, Chairman of Georgian State Electrosystem (GSE) Management Board Ucha Uchaneishvili, and General Director of Electricity Market Operator (ESCO) Zaza Dvalishvili.

To develop human capacity tailored to the needs of a competitive energy market, the USAID Energy Program introduced a series of energy trading trainings that aims to develop capacity of the energy market players to trade on a competitive energy market. With the developed demo version of the OTC energy trading platform, electricity market participants will learn by simulating energy competitive trading that is scheduled to start in July 2021. This type of OTC trading is widely used in Europe and the United States. It benefits both the consumer and the producer by increasing market competition and transparent pricing.