Supply: In 2024, 15.5 TWh of electricity was supplied to the grid, out of which 14.2 TWh was local generation, and 1.2 TWh were imports. In 2024, the 44.5 MW Khobi-2 HPP and two small plants were commissioned.
Domestic electricity consumption was up by 6.0% y/y to 13.8 TWh in 2024, though still 2.3% below 2022 record. The growth was driven by both residential and commercial sectors. Direct consumers sharp (+14.1% y/y) growth was largely due to the temporary revival of the crypto-mining and metallurgy sectors.
Export: The decrease in both export volume (1.0 TWh, -28.7% y/y) and export price (USc 4.7, -27.9% y/y), caused export revenues to halve to US$ 49.2mn.
Trade balance: Georgia remained a net exporter of electricity in value terms with US$ 25.7mn net export, but became net importer in volume terms with 0.2 TWh net import.
Electricity price: wholesale price of electricity in Georgia increased by 5.9% y/y to USc 5.6 /kWh. The largest share of balancing electricity generation is still dominated by PPA-owned stations. Transactions on day-ahead market platform were minimal.
Net metering regulation reached its limits for Energo-pro Georgia’s grid and was suspended until planned regulatory changes are implemented. However, Telasi continues to accept applications. In 2024, 49.4 MW of micro power plants were commissioned under the net metering regulation, bringing the total capacity to 117.0 MW.
