Supply: In 1H25, 7.6 TWh of electricity was supplied to the grid, out of which 6.6 TWh (-9.7% y/y) was local generation, and 1.0 TWh (+13.0% y/y) was imported. The decline in local generation was due to reduced output from both hydropower and thermal power plants. The choice between local TPP generation and imports was made based on price.
Domestic electricity consumption was up by 2.4% y/y to 6.9 TWh in 1H25. The direct consumers showed the fastest growth in consumption at 4.5% y/y.
Export: In 2025, the export season began in May, as usual. In contrast, exports started earlier – in April – in the previous two years, driven by high prices in Turkey, increased thermal generation, and lower domestic consumption. In 1H25, export volume decreased to 0.4 TWh (-41.4% y/y), while the average export price dropped to 4.3 USc/kWh (-4.0% y/y). As a result, export revenues fell to US$ 19.2 mn (-43.8% y/y).
Trade balance: Georgia remained a net importer in both value (US$ 6.1mn net imports) and volume (0.5 TWh net imports) of electricity in 1H25.
Electricity price: The wholesale electricity price increased by 3.4% y/y, reaching 5.8 USc/kWh. Power plants with PPAs continued to hold the largest share in balancing electricity generation, while the number of transactions on the day-ahead market remained minimal.
Electricity price in Georgia: The wholesale electricity price increased by 3.4% y/y, reaching USc 5.8/kWh. PPA-based power plants continue to hold the largest share in the formation of balancing electricity prices. The number of transactions in the market remained low but was significantly higher than in previous periods.
