Georgia makes progress in reforming its energy sector
BAKU, Azerbaijan, December 20
By Tamilla Mammadova – Trend:
Georgia is making progress in reforming its energy sector in line with the EU Energy Law and the Energy Community Treaty, Trend reports referring to the EU Neighbours' website.
As reported, Georgia substitutes the existing energy market framework with the Third Energy Package, adopted by the European Commission in 2009.
"This was preconditioned and is a positive result of the adoption of the Law on Energy and Water Supply and the Law on Renewable Energy Sources by the Georgian parliament in the third reading", said the EU.
The Law on Energy and Water Supply will enable Georgia to develop a more independent, competitive and liquid market by unbundling and granting certification to transmission and distribution system operators. The laws will come into force after the President of Georgia signs the agreements.
According to the EU, the Third Energy Package aims to improve the operation of the internal energy market and resolve certain structural problems, while at the same time accelerating investments in energy infrastructure to enhance cross-border trade and access to different sources of energy.
Following the Parliament’s adoption in third reading of the Law on Energy and Water Supply and the Law on Renewable Energy Sources, Georgia has laid down the foundation to reform its energy sector in line with the Energy Community Treaty and European energy law.
The law was prepared with the support of the Energy Community Secretariat.
The Law on Renewable Energy Sources sets the national target for renewable energy at 35 percent of total final consumption by 2030. The new legislation requires that support schemes are evaluated using competition and/or state aid regulatory norms.
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