The twinning project with the Georgian National Energy and Water Supply Regulatory Commission (GNERC) started in 23.9.2012 and ended on the 22.6.2014. The EU budget provided was € 1.100,000.
The objectives were
- to update the incentive based electricity tariff regulation and prepare conditions for its initial implementation.
- GNERC has started working on a new, incentive-based tariff methodology some time ago and a draft methodology has been prepared. However, it is considered as incomplete and GNERC decided to bring it up to date and complete it with the support of knowledge and experience of European Regulators. Considerable capacity building will accompany the main aim.