January 2023 | Electricity Market Review
06 March 2023

In January 2023, Georgian power plants generated 1,111 mln. kWh of electricity. This represents an 8% increase in the total generation compared to the previous year (in January 2022, the total generation was 1,025 mln. kWh). The increase in the generation on a yearly basis comes from a rise of 43% in thermal and 22% in wind power, while hydropower generation decreased by 27%.

On a monthly basis, the generation decreased by approximately 0.5% (in December 2022, the total generation was 1,116 mln. kWh). The monthly fall in the total generation is induced by a 10% decrease in hydropower generation. Meanwhile, wind and thermal power generation increased by 7% and 5%, respectively.

The consumption of electricity on the local market was 1,283 mln. kWh (-7% compared to January 2022, and +2% compared to December 2022) (Figure 1). In January 2023, power consumption exceeded generation by 172 mln. kWh which was 16% of the total generation and 13% of the total consumption (in January 2022, the difference between the total generation and the consumption resulted in a deficit of 349 mln. kWh, around 34% of the total generation and 25% of the total consumption for the month).