February 2023 | Electricity Market Review
27 March 2023

In February 2023, Georgian power plants generated 987 mln. kWh of electricity. This represents an 11% increase in the total generation compared to the previous year (in February 2022, the total generation was 890 mln. kWh). The increase in the generation on a yearly basis comes from a rise of 45% in thermal and 7% in wind power, while hydropower generation decreased by 23%.

On a monthly basis, the generation decreased by approximately 11% (in January 2023, the total generation was 1,111 mln. kWh). The monthly fall in the total generation is induced by a 9% decrease in hydropower generation, a 28% decrease in wind power generation, and a 12% decrease in thermal power generation.

The consumption of electricity on the local market was 1,128 mln. kWh (-6% compared to February 2022, and -12% compared to January 2023). In February 2023, power consumption exceeded generation by 141 mln. kWh which was 14% of the total generation and 12% of the total consumption (in February 2022, the difference between the total generation and the consumption resulted in a deficit of 311 mln. kWh, around 35% of the total generation and 26% of the total consumption for the month).