Supply: 3.8 TWh of electricity was supplied to the grid in 1Q25, out of which 2.8 TWh was local generation, and 1.0 TWh were imports. Local generation decreased by 15.6% y/y while imports more than doubled (+122.2% y/y). Local generation decreased both for hydro and thermal power plants. Additionally, the choice between a thermal power plant and imports was made on the basis of price.
The 54.1 MW Mtkvari HPP and 14.2 MW Chiora HPP were commissioned in testing regime in 1Q25.
Domestic electricity consumption was up by 1.3% y/y to 3.7 TWh in 1Q25. The growth was driven by growth of residential (+8.5% y/y) users, eligible consumers (+1.3% y/y) and commercial users of retail companies (+4.4% y/y).
Electricity price: wholesale price of electricity in Georgia increased by 1.5% y/y to USc 5.9 /kWh in 1Q25.
The Ministry of Economy has received 435 applications from those wishing to receive CFD contracts through direct negotiations, with a total installed capacity of 11.2 GW, of which 0.75 MW is hydro, 4.2 GW is wind, and 6.2 GW is solar power plants. The results of the application review will be announced in a few months.
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 for the remaining 50-60MW capacity.
GNERC increased tariffs for Enguri, Vardnili and Georgian State Electrosystem to 4.021 (+66.7% y/y), 5.111 (+66.7% y/y) and 3.298 (+17.2% y/y) tetri per kWh, respectively, staring form Jan-25.
