December 2021 | Electricity Market Review
24 January 2022

In December 2021, Georgian power plants generated 1193 mln. kWh of electricity. This represents a 28% increase in total generation, compared to the previous year (in December 2020, the total generation was 930 mln. kWh). The increase in generation on a yearly basis comes from the increase of 55% and 4% in hydro power, and thermal power generation, respectively. Meanwhile, there was a 29% decrease in wind power generation.

On a monthly basis, generation increased by approximately 1% (in November 2021, total generation was 1186 mln. kWh) (Figure 1). The monthly increase in total generation, is induced by a 16% increase in thermal power generation, more than offsetting hydro power and wind power generation decline. They decreased by 8% and 20%, respectively.

The consumption of electricity on the local market was 1346 mln. kWh (+10% compared to December 2020, and +12% compared to November 2021) (Figure 1). In December 2021, power consumption exceeded generation by 154 mln. kWh which was 13% of total generation (in December 2020 difference between total generation and consumption resulted in a deficit of 289 mln. kWh, around 31% of the total generation for the month).