Electricity Market Watch - FY2025

Supply: In 2025, 15.4 TWh of electricity was supplied to the grid, out of which 13.8 TWh was local generation, and 1.6 TWh were imports. Importantly, 6 new solar and 2 new hydro power plants were commissioned, with a total installed capacity of 22.6MW. As a result, total installed capacity of the country reached 4.7GW in 2025.

Domestic electricity consumption was up by 3.5% y/y to 14.3 TWh in 2025. The direct consumers showed the fastest growth in consumption at 9.2% y/y.

Export: The export season began in May and ended in July. In 2025, export volume decreased to 0.5 TWh (-51.2% y/y), while the average export price dropped to 4.6 USc/kWh (-2.0% y/y) due to decreased Market Clearing Prices in Turkey. As a result, export revenues fell to US$ 23.5mn (-52.2% y/y).

Trade balance: Georgia remained a net importer of electricity in both value (US$ 24.3mn net imports) and volume (1.0 TWh net imports) terms in 2025.

Electricity price: wholesale price of electricity in Georgia increased by 4.1% y/y to USc 5.8 /kWh. Balancing electricity is still dominated by PPA-owned stations. Transactions on day-ahead market platform were minimal.

Market news: GNERC changed the tariffs of regulated companies and approved the 5-year investment plans of Energo-Pro Georgia and Telasi. Meanwhile, the adoption of new retail tariffs was delayed by 3 months to March 31, 2026.