Regulatory authority

State of compliance

The Georgian National Energy and Water Supply Regulatory Commission (GNERC) continued to demonstrate its technical expertise and strong regulatory independence also as expected under the 2019 Energy Law. Transposition of the electricity Network Codes and the Network Code on gas balancing into national rules ahead of the deadline stipulated by national legislation are a proof of the regulator’s commitment to align the regulatory framework with requirements of the acquis. However, the transposition of the REMIT Regulation, rules for designation of a Nominated Energy Market Operator and adoption of criteria based on which derogations from the electricity Network Codes can be granted are still pending.