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Energy

Georgia switches off its intraday power market for 9 months from Thursday

The Georgian Energy Exchange suspends its intraday electricity market from 1 October to 1 July 2027, under a government resolution of 8 September and a regulator’s rule change of 18 September, the exchange said in a notice dated Tuesday. Trading on the day-ahead market continues as usual. Participants lose access to the intraday trading system for the 9 months and keep their registered portfolios.

A single lit wall clock at midnight in a dark trading hall with unlit screens behind it.

The notice on GENEX’s site cites Government Resolution 438 of 8 September, which approved the change, and Resolution 29 of the National Energy and Water Supply Regulatory Commission of 18 September, which amended the rules of the day-ahead and intraday markets. The change takes effect “during the transition period of the market model”, the notice says, and that is the only reason it gives.

From 1 July 2027 trading on the intraday market resumes under the existing rule. A registered portfolio needs no re-registration unless a participant asks in the meantime to cancel it or withdraws from the exchange.

What the suspension leaves is the day-ahead market, where participants bid a day in advance for each hour, while the intraday market, where positions are adjusted on the day, closes for the 9 months of the transition.

The two acts are 3 and 2 weeks older than the notice, and GENEX’s news page carries nothing between its trading report for the first half of 2026, dated 23 July, and the notice of 29 September.

What the suspension leaves is the day-ahead market, where participants bid a day in advance for each hour, while the intraday market, where positions are adjusted on the day, closes for the 9 months of the transition. Volumes traded intraday to date are in the exchange’s trading reports, the latest for the first half of 2026.

The same day Georgia’s other economic clocks turned. The 2027 state budget draft went to parliament with amendments to the Budget Code and a document on the size of the Defence Forces, Interpressnews reported at 15:11, and Geostat put August growth at 6.3% on a year earlier, Business Media Georgia reported at 12:45.

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