Supply: In 9M25, 11.5 TWh of electricity was supplied to the grid, out of which 10.4 TWh (-8.6% y/y) was local generation, and 1.1 TWh (+129.3% 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. Notably, 3 new solar power plants were connected to the grid in 3Q25.
Domestic electricity consumption was up by 2.2% y/y to 10.6 TWh in 9M25. The retail consumers showed the fastest growth in consumption at 4.6% y/y.
Export: The export season began in May and ended in July. In 9M25, export volume decreased to 0.5 TWh (-51.1% y/y), while the average export price dropped to 4.6 USc/kWh (-1.8% y/y) due to decreased Market Clearing Prices in Turkey. As a result, export revenues fell to US$ 23.5mn (-52.0% y/y).
Trade balance: Georgia remained a net importer of electricity in both value (US$ 7.8mn net imports) and volume (0.6 TWh net imports) terms in 9M25.
Electricity price: The wholesale electricity price increased by 4.4% y/y, reaching 5.8 USc/kWh. Power plants with PPAs continued to hold the largest share in balancing electricity generation.
The regulatory framework for micro-capacity power plants has been revised. Net metering has been replaced with a net billing mechanism, and the definition of a micro-capacity plant has been reduced up to 100 kW, down from 500 kW.
The Government has revoked memorandums for around 50 power plant projects. This marks the first step in its declared policy to modify the practice of holding rights over projects without real progress.
