Abstract
The energy sector is of crucial importance in the sustainable economic development process of Georgia and the growth of the population's well-being. Our country is not distinguished by excess reserves of energy resources. However, due to its geopolitical location, we have a significant electricity and gas transit function between Europe and Asia. The global processes of recent years, the Covid-19 pandemic and the Russia-Ukraine war, have put the energy sector in front of new challenges. The issue of highlighting the problems of energy security and efficiency, increasing the energy sector competitiveness, utilizing renewable energy sources, and developing recommendations for the legal regulation improvement of energy markets was on the agenda. The paper highlights the new challenges of the energy sector of Georgia; The possibilities of launching a new organized model of the electricity and natural gas market are analyzed; The results of the current legal reforms in the energy sector are discussed.
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