ISET Economist Blog

A blog about economics in the South Caucasus.

Do We Need to Worry About the Generation Deficit in the Electricity Market? And What Can Be Done About It?

Looking at annual consumption and generation trends, from 2012-2016, it is clear that generation typically exceeded consumption. Consequently, the generation-consumption gap remained positive. However, in 2017 this trend reverted, and the electricity generated by local resources on the Georgian market was no longer enough to supply the local demand. As shown in Figure 1, the gap widened even further in 2018; with the negative gap increasing by 30% (from 344 mln. kWh in 2017 to 447 mln. kWh in 2018). This significant reversal has motivated us to explore ...
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