On 5 December, the Georgian National Energy and Water Supply Regulatory Commission (GNERC) hosted the launch of the EU4Energy technical assistance project to support Georgia in updating its gas transmission tariff methodology in compliance with the provisions of the Network Code on Harmonised Tariff Methodologies adopted on 28 November 2018 in Skopje by the Energy Community’s Permanent High Level Group.
The establishment of an entry-exit gas transmission tariff methodology is part of the natural gas market reform carried out by Georgia, pursuant to its commitments under the Energy Community Treaty. In the long term, it will contribute to the opening of the Georgian wholesale and retail natural gas market, promoting investments in gas infrastructure and enhancing security of gas supply in Georgia.
The draft methodology for calculation, approval and application of tariffs for the natural gas transmission service and a tariff calculation tool will be delivered by March 2019.
* The EU4Energy Initiative covers all EU support to improve energy supply, security and connectivity, as well as to promote energy efficiency and the use of renewables in the Eastern Partner countries Armenia, Azerbaijan, Belarus, Georgia, Moldova and Ukraine. It does this by financing projects and programmes that help to reform energy markets and to reduce national energy dependence and consumption. Over the longer term, this makes energy supply more reliable, transparent and affordable, thus reducing energy poverty and energy bills for both citizens and the private sector.