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Energy Market Review

Energy is an essential production factor in every sector of an economy, demand for energy grows in line with the steady increase in overall economic activity. Launched in 2013, Energy Sector Review analyses the main trends and key events in Georgia’s energy sector, including electricity, oil,

and gas. Believing in the importance of the energy sector for Georgia, ISET Policy Institute will provide quarterly Energy Sector Reviews. The series reports we will review and analyze the main trends and developments characterizing the energy sector of Georgia and present the main events that had been taking place during the reporting period, which we believe will affect the evolution of the energy sector.

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Quarter 3-4, 2020 | Energy Market Review

22 June 2021

In the third and the fourth quarters of 2020, Georgian power plants generated 2,958 mln. and 2,594 mln. kWh of electricity, respectively. This represents a 9.6% decrease and 2.4% increase in total generation compared to the corresponding periods of the previous year.

Quarter 1-2, 2020 | Energy Market Review

08 February 2021

In the first and second quarters of 2020, Georgian power plants generated 2,893 mln. and 2,797 mln. kWh of electricity, respectively (Figure 1). This represents a 1.5% and 9.7% decrease in total generation compared to the corresponding periods of the previous year (in 2019, the total generation in Q1 was 2,936 mln. kWh and 3,097 mln. kWh in Q2). On an annual basis, the reduction in generation in the first quarter of 2020 was derived from a 19.3% and 2.7% decline in hydro and wind power generation, respectively, offsetting the 28.3% annual increase in thermal power generation. The decrease in production in the second quarter is, instead, related to the 46.2% and 1.2% decrease in thermal and hydro power generation, more than offsetting the 10% increase in wind power generation.