THE AGREEMENTS BETWEEN GEORGIAN ENERGY EXCHANGE AND NORD POOL HAVE BEEN SIGNED

On March 31st, 2022, Cooperation and Operation Agreements were signed between the Georgian Energy Exchange and Nord Pool. Georgian Day-ahead and Intraday markets have become Nord Pool serviced markets.

The Parties agree to cooperate in the setting up and operation of the Georgian Day-ahead and Intraday Market. The Georgian Market shall be operated pursuant to the same basic principles as the Nordic/Baltic market operated by Nord Pool and thereby in compliance with the EU Target model.