The consequences of COVID-19 on tourism and in the industrial and service sectors have been discussed broadly recently. However, little has been said about the current and future implications on the Georgian power sector. The worldwide pandemic has already had, and is still expected to have, quite significant implications on both the demand and supply sides of the electricity market. Although, at this stage, we cannot estimate the exact scale of the effects, it is possible to represent a general theoretical framework of the existing and potential impacts...
ISET Economist Blog
A blog about economics in the South Caucasus.
May
01
Apr
03
Looking at the consumption and generation trends of the past year, it is evident that Georgia is an electricity importing country during most months, with consumption almost always exceeding domestic generation. The only exceptions over the last 12 months were May and June, when the generation-consumption gap briefly became positive, reverting to the negative again in July. This is quite a dramatic change from how the country’s generation-consumption gap looked back in 2010, when the country exported almost seven times more electricity (1524.3 GWh) than ...
Nov
08
After facing a generation deficit during the month of August, Georgia continued to experience a decrease in power generation. In September 2019, generation decreased by 3% compared to September 2018 and by 19% compared to August 2019.
Georgian power plants generated 821 mln kWh of electricity while consumption of electricity in the local market was 972 mln kWh. Compared to August, electricity consumption decreased by 12%. Even though consumption decreased substantially during the month of September (at least partially due to lower demand for air conditio...
Oct
11
Historically, the main concern in monitoring the Georgian electricity market derives from the negative generation-consumption gap arising in the winter season. However, persistent electricity deficits over ten months between August 2018 and August 2019 suggest that the number of months characterized by a negative generation-consumption gap might be on the rise. Looking at Figure 1 below, generation can only clearly be seen to exceed consumption twice during the past 12 months, in May and June. This year has been the first time that Georgia has faced an e...
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