Demur Chomakhidze, D.Sc. (Econ.), professor, scientific consultant for the Georgian National Commission for Energy Regulation (NCER) (Tbilisi, Georgia)

This article describes the main vectors in Georgias state policy in the energy sector during the years of independence after the Rose Revolution and calculates the forecast indices and anticipated results of the development of the power industry until 2015.

Urgency of the Problem and Energy Policy Tasks

The formation and implementation of energy policy in Georgia is of special importance. There are objective reasons for this. The country customarily experiences a shortage of fuel and energy resources (FER). The situation became particularly aggravated after the country gained its independence. It became clear that a concise energy policy was essential not only to guarantee the countrys economic security, but also to preserve its statehood. Since the very first days of independence, the country has had to come to terms with the situation that has developed, reconsider its limited material-financial and natural energy resources, and create and implement an optimal model of its energy policy. According to the Georgian Constitution, an integrated energy system is among the facilities that are specifically managed by the highest state bodies. This means that the government has a particular responsibility in this issue.

In compliance with the Georgian Law on Electric Power and Natural Gas, the Ministry of Energy is drawing up the main vectors of state policy in the countrys energy sector, and it also puts these vectors into practice after they are approved by parliament.

The concept energy policy implies a general course and system of measures in energy management. It includes defining the relevant areas in..

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