RIA on Choosing New Power Projects for Energy Security or Interconnection
Origin Of Funding
The main objective of this project is to boost Georgia’s energy security by enhancing its legal and regulatory framework. Accordingly, we will conduct a regulatory impact assessment (RIA) on the selection process for new power projects designed to gain increased energy security or for interconnection.
In the process, PMCG, as part of a consortium led by Deloitte, under the USAID Energy Security Program will carry out the following activities:
- Review the relevant EU directives, proposed energy laws and appropriate existing secondary legislation in Georgia;
- For international markets, conduct a review of similar power solicitations with respect to capacity, long-term contracts, and reliability of must-run contracts as well as any format providing guaranteed supply;
- Conduct a legal review of the Georgian power market’s design, rules, distribution and supplier licenses with the purpose of determining obligations with regard to reliability and energy security;
- Carry out legal and technical review of grid codes and any other interconnection procedures in order to determine access prioritization, sequences, financial penalties, congestion pricing or opportunities;
- Meet with the Government of Georgia’s key stakeholders to assess the decision dynamics for various alternative resolutions; and
- Develop all reasonable and creative approaches for economically competitive and technically controllable selection process, estimating the potential impacts from a qualitative and quantitative viewpoint, including risk analysis.