Registration is required to trade on the Exchange. To register as an exchange participant following criteria should be met:
- A person willing to become an exchange participant should employ a qualified trade representative who will trade on the exchange on its behalf
- A person willing to become an exchange participant should own an adequate technical facility necessary for trading
- A person willing to become an exchange participant should be registered as a Balance Responsible Party (BRP) or be a member of a balance group
A person which meets those criteria should submit a Registration Application to GENEX in accordance with the Day-ahead and Intraday Market Rules.
According to the Transitory Measure to be Implemented in the Electricity Sector, approved by the Georgian Energy and Water Supply Regulatory Commission (Decree #58, Nov 12, 2020), before March 1, 2021, GENEX should submit for approval an Application form for Exchange Participation, developed in consultation with interested parties, in accordance with para 2 of Art 12 of Day-ahead and Intraday Market Rules.
Electricity undertakings that are obliged to trade on the Exchange in accordance with Electricity Market Model Concept Design, should be registered as Day-ahead market participants in accordance with Art. 12 of Day-ahead and intraday market rules, before June 23, 2021.
For inquiry on registration issues, please send an email to GENEX at email@example.com or arrange a meeting with GENEX