ISET

ISET Economist Blog

A blog about economics in the South Caucasus.
Apr
16

A Good February for Electricity Generation: Time for Reflection, After Last Year’s Worries

  In February 2017, Georgia experienced the largest gap between generation and consumption in the last decade. This was followed by an even greater gap in March 2017. The size of those gaps, and the fact that the historical trend was suggesting an increase in the electricity gap, prompted policy proposals emphasizing the need to encourage investments in power generation. The goal of such policies would be to avoid future energy security challenges due to electricity shortages and fast increasing electricity prices. Most of the strategies suggested s...
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Apr
16

The Knowing of Not Knowing in Water Management (and how to tackle the issue)

  The Georgian government is currently facing some tremendous challenges in adjusting to the EU Association Agreement (AA). A particularly problematic area of reform concerns the implementation of Directive 2000/60/EC, aka the European Water Framework Directive (WFD). Properly managing water resources is an extremely difficult endeavor that requires a deep understanding of all the mechanisms at work. Failing to adequately manage water resources could have profound and long lasting negative consequences, both in terms of the development perspectives ...
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Mar
19

2018 – A Turning Point for the Georgian Electricity Market?

This year Georgia’s electricity market will have to go through some crucial reforms. The signing of the Association Agreement and Georgia’s accession to the energy community in October 2016 imposed some important obligations on the country to reform its energy markets. For the electricity market, 2018 will be a turning point. Among the key obligations the country committed to under the energy community accession protocol were the adoption of: (i) Directive 2009/72/EC, concerning common rules for the internal market in electricity and (ii) Regulation (EC)...
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Mar
05

What Georgia Can Teach Sweden about Energy Efficiency

I believe we all are bound by the notion that technology is the thing. We might be convinced it’s a sign of progress. Those very clever engineers have finally saved humanity, not just by envisioning what will save the masses from wasting their minutes and seconds, but they also help to propel all sorts of time-saving devices. There are, of course, good reasons to argue for how important technological advances are. They can be used as a means of promoting youth employment, or to assist an individual suffering from mobility concerns with vacuum cleaning. O...
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Dec
09

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 ...
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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
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May
01

Georgia’s Energy Security in a Nutshell

Listening to discussions in professional circles and among policy makers, one can easily notice that the topic of energy security is often used as a reason to justify certain decisions, or point out the problems existing in the sector. Energy security is frequently associated with energy “independence” - a condition that only few countries in the world can claim to have achieved. This leads the public to understand energy security in a very narrow sense, associated with the share of energy produced within the borders of the country, and with the diversif...
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Maka Chitanava
I have one question to the authors. What do you think about Khudoni HPP? Does Georgia need to build it to ensure energy security a... Read More
Tuesday, 02 May 2017 9:09 AM
Guest — NP
Dear Maka, it is quite difficult to answer precisely to this question given the data to which we have currently access. In genera... Read More
Tuesday, 02 May 2017 12:12 PM
Maka Chitanava
Dear Norberto,Thank you for your answer. It was very helpful.
Tuesday, 02 May 2017 1:01 PM
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