NEWS

Energy regulator body fines 7 companies for incomplete report submissions

Seven companies have been fined ₾65,000 ($24,031) for failing to submit or incorrectly submitting monthly reports to Georgia’s National Energy and Water Supply Regulatory Commission. Photo: Nino Alavidze/Agenda.ge

Agenda.ge, 22 Nov 2023 - 16:07, Tbilisi,Georgia

Georgia’s National Energy and Water Supply Regulatory Commission on Wednesday said seven companies had been fined ₾65,000 ($24,031) for failing to submit or incorrectly submitting monthly reports to the regulatory body.

Water Energy, Era Georgia, Hydro Development Company, Jonouli 1, Chiragdani and Gazmsheni companies were each fined ₾10,000 ($3,697), while Tbilisi Investment Group was fined ₾5,000 ($1,848).

The fines were enforced for failures including repeat violations, with the body saying failing to rectify the inconsistencies would result in further penalties.

In addition to the fines, written warnings were handed out to 14 energy enterprises for their incomplete report submissions.

RELATED

Communications Commission’s consumer right projects in focus of int’l conference

16 Nov 2023

Projects implemented by the Communications Commission of Georgia for protecting rights of consumers and developing media literacy were introduced by the body’s member Vakhtang Abashidze to the audience of the international conference on Competition and Consumer Protection in Tbilisi on Thursday, the state body said.

Economy Minister highlights progress in ensuring “healthy competition”, protection of consumer rights at int’l conference

16 Nov 2023

Georgian Economy Minister Levan Davitashvili on Thursday highlighted the progress made over the recent years in developing “healthy competition” for the country’s business sector and ensuring consumer rights at the international conference Competition and Consumer Protection, hosted in the Georgian capital of Tbilisi.

Energy regulator head says Gov’t adopted over 30 acts in EU energy union commitments

10 Nov 2023

Davit Narmania, the Head of the Georgian National Energy and Water Supply Regulatory Commission, on Friday said the Government had approved over 30 acts in its commitments to the European Union’s energy-related legal frameworks.

Energy Regulator Head: No tariff increase expected for at least 1.5 years

08 Jun 2023

Davit Narmania, the Head of the Georgian National Energy and Water Supply Regulatory Commission, on Thursday said no increase in the electricity tariff was expected for “at least” the next year to year and a half.