Indexes
December 2023 | Electricity Market Review – Annual
22
January
2024
In 2023, Georgian power plants generated 14,396 mln. kWh of electricity, record high generation for a single year. This represents a 1% increase in total generation, compared to the previous year (in 2022, total generation was 14,247 mln. kWh). The increase in generation on a yearly basis comes from the increase in hydropower generation (1%) and thermal power (2%), while wind power generation decreased (-2%).
Among the different sources of electricity, hydropower remained dominant, reaching a record-high generation for a single year. Specifically, in 2023, hydropower (HPP) generation amounted to 10,863 mln. kWh (75.5% of total); wind power (WPP) generation was 86 mln. kWh (0.6% of total), and thermal power (TPP) generation was 3,447 mln. kWh (23.9% of the total).
Consumption of electricity in the local market was 13,070 mln. kWh. Overall, the annual decrease in electricity consumption was 8% in 2023 (compared to 2022 - 14,181 mln. kWh). In 2023, total generation exceeded consumption by 1,326 mln. kWh (due to record high TPP and HPP generation), which is approximately 10.1% of the total consumption and 9.2% of the amount generated (compared to a deficit of 65 mln. kWh in 2022, which represented 0.5% of total generation and 0.5% of total consumption for 2022).
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February 2024 | Electricity Market Review
25
March
2024
In February 2024, Georgian power plants generated 1,022 mln. kWh of electricity. This represents a 3% increase in the total generation compared to the previous year (in February 2023, the total generation was 987 mln. kWh).
January 2024 | Electricity Market Review
26
February
2024
In January 2024, Georgian power plants generated 1,175 mln. kWh of electricity. This represents a 6% increase in the total generation compared to the previous year (in January 2023, the total generation was 1,111 mln. kWh).
December 2023 | Electricity Market Review
15
January
2024
In December 2023, Georgian power plants generated 1,166 mln. kWh of electricity. This represents a 4% increase in the total generation compared to the previous year (in December 2022, the total generation was 1,116 mln. kWh). The rise in generation on a yearly basis comes from an increase in hydropower generation by 87%, while the generation of thermal and wind power plants decreased by 45% and 16%, respectively.
November 2023 | Electricity Market Review
29
December
2023
In November 2023, Georgian power plants generated 1,003 mln. kWh of electricity (Figure 1). This represents an 11% decrease in the total generation compared to the previous year (in November 2022, the total generation was 1,131 mln. kWh). The fall in the generation on a yearly basis comes from a decrease in thermal and wind power generation by 27%, and 13%, respectively, while the generation of hydropower plants increased by 1%.
October 2023 | Electricity Market Review
27
November
2023
In October 2023, Georgian power plants generated 1,043 mln. kWh of electricity. This represents a 1% increase in the total generation compared to the previous year (in October 2022, the total generation was 1,034 mln. kWh). The rise in the generation on a yearly basis comes from an increase in thermal power generation by 179%, while the generation of wind and hydro power plants decreased by 11% and 30%, respectively.
