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Electricity Market Review
The electricity sector is one of the milestones of the energy sector of Georgia. It is a sector in expansion. Electricity generation - relying mostly on Hydro Power Plants - has been increasing over the years, although not always at a rate sufficient to match demand increase, driven by rising econom
ic activity, vehicle electrification, and increased blockchain mining activities. Developed in 2017, the Electricity Market Review analyses the main trends and key events in Georgia's electricity market. It also monitors the consequences of all the changes in the electricity sector, including market liberalization and the introduction of incentive schemes for renewable energy.
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August 2023 | Electricity Market Review
25 September 2023

In August 2023, Georgian power plants generated 1,463 mln. kWh of electricity. This represents a 4% increase in the total generation compared to the previous year (in August 2022, the total generation was 1,401 mln. kWh). The rise in generation on a yearly basis comes from a rise of 12% in Hydro power generation, while the generation of wind and thermal power plants decreased by 29% and 32%, respectively.

July 2023 | Electricity Market Review
01 September 2023

In July 2023, Georgian power plants generated 1,541 mln. kWh of electricity. This represents an 18% increase in the total generation compared to the previous year (in July 2022, the total generation was 1,308 mln. kWh). The rise in generation on a yearly basis comes from a rise of 8% in Hydro and 8% in wind and 45 times in thermal power generation.

June 2023 | Electricity Market Review
27 July 2023

In June 2023, Georgian power plants generated 1,369 mln. kWh of electricity (Figure 1). This represents an 8% decrease in the total generation compared to the previous year (in June 2022, the total generation was 1,485 mln. kWh). The decrease in generation on a yearly basis comes from a fall of 8% in Hydro and 9% in wind and 46% in thermal power generation.

May 2023 | Electricity Market Review
03 July 2023

In May 2023, Georgian power plants generated 1,325 mln. kWh of electricity. This represents a 9% decrease in the total generation compared to the previous year (in May 2022, the total generation was 1,461 mln. kWh). The decrease in generation on a yearly basis comes from a fall of 9% in Hydro and 6% in wind power, while thermal power generation increased by 89%.

April 2023 | Electricity Market Review
05 June 2023

In April 2023, Georgian power plants generated 1,249 mln. kWh of electricity. This represents an 11% increase in the total generation compared to the previous year (in April 2022, the total generation was 1,125 mln. kWh). The increase in the generation on a yearly basis comes from an increase of 181%, 38%, and 5% in thermal, wind, and hydropower generation, respectively.

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