29.05.2023 Release

29 May, 2023


The Georgian National Energy and Water Supply Regulatory Commission (GNERC) has approved the activity report for 2022. The report describes in detail the state of the electricity, natural gas and water supply sectors and the projects implemented for the purpose of development of regulation, the main directions and priorities of the GNERC’s activities.

During the revision of the GNERC’s 2022 activity report at the public hearing, the  Chairman of GNERC Davit Narmania noted that the year 2022 was full of challenges and opportunities for the energy sector. Despite the complex geopolitical factors, the Commission maintained the stability of energy prices.

"Despite a number of challenges, it was possible to keep the tariffs at the current level. The Commission revises and controls tariff components in details. Since 2014, the GNERC has been setting tariffs based on transparent methodologies, which in turn are based on international best practices. The tariff has a complex structure, the calculation of which is a long process, and it is impossible to determine the tariff with only simple calculations. The whole team works on the tariff calculation and the Commission makes a decision at a public hearing, based on an open and transparent principle, where any interested person can participate. For the sustainable and stable development of the sectors regulated by the GNERC, the tariff established on fair principles is a kind of guarantee. The exchange rate of the GEL in relation to the USD is one of the components, the effects of its changes are primarily controlled by the GNERC and reflected in the tariff.

The main priority is to ensure customers' access to high-quality services, therefore we actively work to improve the quality of services in regulated sectors. Our aim is consumers to have access to new technologies and innovative services that will help them to solve energy and water supply issues as effectively as possible. "The commission is actively introducing digital technologies of service and data analysis, which improves the quality of regulation," Davit Narmania mentioned.

The GNERC Chairman also discussed the Commission's international relations and the implementation of international projects aimed at regulatory development. Furthermore, he highlighted the creation of the Elizbar Eristavi Energy Training center, which was established by the GNERC. According to Davit Narmania, the center is a valuable platform for the professional development of energy specialists and other interested persons.