November 2021 | Electricity Market Review
27 December 2021

In November 2021, Georgian power plants generated 1186 mln. kWh of electricity (Figure 1). This represents a 37% increase in total generation, compared to the previous year (in November 2020, the total generation was 865 mln. kWh). The increase in generation on a yearly basis comes from the increase of 44% and 27% in hydropower, and thermal power generation, respectively. Meanwhile, there was a 12% decrease in wind power generation. 

On a monthly basis, generation decreased by approximately 1% (in October 2021, total generation was 1192 mln. kWh) (Figure 1). The monthly decrease in total generation, is caused by a reduction of 24% and 35% in hydro, and wind power generation, respectively, while thermal power generation increased by 111%. 

The consumption of electricity on the local market was 1204 mln. kWh (+15% compared to November 2020, and +5% compared to October 2021) (Figure 1). In November 2021, power consumption exceeded generation by 17 mln. kWh which was 1% of total generation (in November 2020 difference between total generation and consumption resulted in a deficit of 182 mln. kWh, around 21% of the total generation for the month).