March 2022 | Electricity Market Review
25 April 2022

In March 2022, Georgian power plants generated 1,077 mln. kWh of electricity (Figure 1). This represents a 63% increase in total generation, compared to the previous year (in March 2021, the total generation was 661 mln. kWh). The increase in generation on a yearly basis comes from the increase of 182% and 20% in thermal and hydropower generation, respectively, more than offsetting the 20% decline in wind power generation.

On a monthly basis, generation increased by approximately 21% (in February 2022, total generation was 890 mln. kWh) (Figure 1). The monthly increase in total generation, is induced by a 12%, 30%, and 31% increase in thermal, hydro, and wind power generation, respectively. February is a significantly shorter month than March, so this increase of generation is not a surprise.

The consumption of electricity on the local market was 1350 mln. kWh (+10% compared to March 2021, and +12% compared to February 2022) (Figure 1). In March 2022, power consumption exceeded generation by 273 mln. kWh which was 25% of total generation (in March 2021 difference between total generation and consumption resulted in a deficit of 566 mln. kWh, around 86% of the total generation for the month).