February 2022 | Electricity Market Review
30 March 2022

In February 2022, Georgian power plants generated 890 mln. kWh of electricity (Figure 1). This represents a 29% increase in total generation, compared to the previous year (in February 2021, the total generation was 692 mln. kWh). The increase in generation on a yearly basis comes from the increase of 34% and 24% in thermal and hydropower generation, respectively, more than offsetting the 7% decline in wind power generation.

On a monthly basis, generation decreased by approximately 13% (in January 2022, total generation was 1024 mln. kWh) (Figure 1). The monthly decrease in total generation is induced by a 13%, 14%, and 18% decrease in thermal, hydro, and wind power generation, respectively. February is a significantly shorter month than January, so this decline is not a surprise.

The consumption of electricity on the local market was 1201 mln. kWh (+12% compared to February 2021, and -13% compared to January 2022) (Figure 1). In February 2022, power consumption exceeded generation by 311 mln. kWh which was 35% of total generation (in February 2021 difference between total generation and consumption resulted in a deficit of 377 mln. kWh, around 54% of the total generation for the month).