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Electricity Consumption has Increased to Georgian Manganese at the Historic Maximum

Electricity Consumption has Increased to Georgian Manganese at the Historic Maximum

Electricity consumption is growing in Georgia. Domestic consumption increased 14.4% y/y in August 2017.

According to G&T, consumption by eligible consumers, up 66.0% y/y, was a key driver, with Georgian Manganese doubling its consumption (+102.4% y/y) to 114.9GWh, a historic maximum for the company.

It should be noted, that production index has been increased to Georgian Manganese along the export (134% y-o-y).

Consumption of distribution companies, up 10.5%, also played a significant role in overall growth. Consumption was up 8.6% y/y by Telasi, 11.7% y/y by Energo-Pro, and 8.7% y/y by Kakheti Energy Distribution. The Abkhazian region’s electricity usage was up 1.7% y/y and accounted for 11.2% of domestic consumption.

Georgia’s net import of electricity in 2017 is expected to come in at 1,007.4GWh.

By comparison, Georgia was a net exporter of electricity in 2016, albeit with only 80.1GWh of net export. Electricity export was up 22.6% y/y to 684.7GWh in 8M17, while imports more than doubled to 962.3GWh.