ISET Economist Blog

A blog about economics in the South Caucasus.

Increasing Electricity Imports and Jumping Import Electricity Prices: a Worrisome Development or Data Glitch?

  After the generation deficit of September, the decreasing trend in generation continues, while the gap between consumption and generation keeps widening. Chiefly, compared to September, total electricity generation has decreased by 8% in October 2018, while in contrast with the previous October, 2017, electricity generation has decreased by 5%. This reduction in generation on a yearly basis is specifically due to the decrease in hydropower (-1%) and thermal power generation (-17%), which more than offsets the increase in WPP generation (+4%). Wher...
Rate this blog entry:
Continue reading

Is Russia Back as the Main Foreign Provider of Electricity to the Georgian Market?

After a generation deficit of August, Georgia continues to exhibit a decreasing trend in power generation; compared to August, total electricity generation has decreased by 14% in September 2018. Georgian power plants generated 849 mln. kWh of electricity, while consumption of electricity on the local market was 955 mln. kWh. It should be noted that compared to August, electricity consumption has decreased by 9%.Even though consumption decreased substantially during the month of September, Georgia had to import electricity from foreign power markets. Ove...
Rate this blog entry:
Continue reading

Georgia Becomes a Net Importer of Electricity Even During the Summer Period

  In August 2018, Georgian power plants generated 985 mln. KWh of electricity (a 5% decrease in total generation, compared to the previous year and a 22% decrease with respect to July 2018), while consumption of electricity on the local market was 1,049 mln. kWh (+1% compared to August 2017, and -4% with respect to July 2018). Consumption to exceed generation by 64 mln, which is 6% of total consumption and 7% of the amount generated. As it can be seen in Figure 1, the emergence of a generation-consumption gap was not totally unexpected. Not only it...
Rate this blog entry:
Continue reading

Why Is Georgia Importing So Much Electricity?

In October 2017, Georgian power plants generated 828 mln. KWh of electricity, marginally up (+0.79%) compared to September. Following the traditional seasonal pattern, the share of electricity produced by renewable sources declined to 71% of total generation (87% in September), while thermal power generation’s share increased, accounting for 29% of total generation (compared to 13% in September). When we compare last October’s total generation with the total generation of October 2016, however, we observe an 8.7% decrease in total generation (in October ...
Rate this blog entry:
Recent comment in this post
Eric Livny
Georgia should be happy to be part of a regional electricity network and not a Robinson Crusoe economy. This allows for mutually ... Read More
Monday, 11 December 2017 12:12 PM
Continue reading

Will Restricting Food Imports Save Georgian Farmers?

On June 2, 2016 the second EU supported Farmers’ Congress of Georgia was held at the Tbilisi exposition center. Around 150 farmers from different parts of Georgia had an opportunity to meet with the government representatives and discuss current challenges of Georgian agriculture. The Congress mainly focused on three major issues for smallholders and cooperatives:  access to market, access to finance and potential impact of food security regulations. Farmers provided their own view on what type of trade policies the government should implement in or...
Rate this blog entry:
Continue reading

Our Partners