The Electricity System Commercial Operator “ESCO” is designated by law as the electricity Market Operator of Georgia, where the overall wholesale electricity trading takes place through direct contracts entered into between sellers and buyers. ESCO takes care of the difference between the estimated volumes of the direct contracts and the actual transactions (i.e. balancing electricity). ESCO registers the direct contracts entered into by the buyers and sellers, maintains a detailed database to determine the electricity volumes delivered either through direct contracts or through the balancing market in a given settlement period, hence, providing complete information about the supplies and up-take in the overall power system.

ESCO is a Joint Stock Company with the State Partnership Fund as the sole owner, while the management rights are retained by the Ministry of Energy of Georgia.