''If Launch of Stock Exchange Poses New Challenges, We Consider its Postponement''
In an interview with Ipress, the head of the committee, David Songhulashvili, said, "At the meeting of the Advisory Board with the Committee on Sectoral Economics and Economic Policy, we agreed that a separate meeting on the issue of the energy exchange will be held in about 10 days."
As for him, there was so much interest in the energy exchange issue that a separate meeting was scheduled to take place at the end of next week.
"During this time, Board members will collect as much information as possible from the exchange, GNERC, and market participants, and by the end of next week, the Advisory Board will have a meeting in the format of a working meeting solely focused on the Energy Exchange. As a result, the council currently has no precise recommendations on the subject "he stated
He also clarified that today he doesn't see the risk that the date of full operation of the energy exchange, which has been postponed until January 1, 2022 by January 1, 2022, will be further postponed. Songhulashvili noted that this is a purely technical issue and it should be answered from this perspective.
"There are conversations that it may be necessary to postpone the full operation of the stock exchange at a more favorable time, as it is risky to start trading on January 1, the most deficient period. All I can say today is that I consider this issue as a technical issue and I think it should be answered from this perspective.
In general, the main thing here is that the idea of an energy exchange, in itself, implies the creation of a better environment for both the private and public sectors. If it turns out that the launch of the stock exchange on January 1 poses new challenges, obviously, we will discuss this issue. If there will be proper arguments as to what additional problems the commissioning of the stock exchange will create at this time, as it has now been postponed for 6 months, then we will judge and make the appropriate decision. But as of today, I can say that there is no such risk, "Songhulashvili said.
He also clarified what the position of the Parliamentary Committee on the issue of the energy exchange will depend on in the future.
"We supported the postponement of the full operation of the stock exchange because we saw that there was no proper readiness on the part of the participating entities. Further, the position of the committee will depend on how ready the stock exchange will be for a specific moment, ie the full commissioning of the exchange, and of course, first of all, how ready the private sector will be. For us, this was and remains the main and starting point when discussing the date of entry into force of the Energy Exchange," - said the Chairman of the Parliamentary Committee on Sectoral Economics and Economic Policy.