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Georgia’s Electricity Balance Value Exceeds Turkish Balance Value by 16%

In April 2017 Georgia’s electricity balance value exceeded Turkish market price by 16%, but the price saw annual 5.2% contraction after Lira depreciation. As a result, the price of one kilowatt/hour electricity made up 4.1 Cent.

According to G&T information, Georgia’s electricity balance value has not changed in practice (+0.7% year on year) and totaled 4.7 Cent on a kilowatt/hour thanks to low imports tariffs and changes in regulations for purchasing balance power from deregulated hydro power plants.

After April 1, 2017 the tariff of balance electricity purchased from deregulated HPPs by ESCO has declined from the tariff of highest regulated steam power (14.234 Tetri for a kilowatt/hour) to the tariff of highest regulated hydro power plant (9.4 Tetri for a kilowatt/hour).

In April 2017 the ratio of this electricity in total trade balance of ESCO made up 9.1%, while imports was a key component (52.3%) in total trade. In April 2017 balance market traded 280 megawatt/hour electricity, that is 29.1% of total supplied electricity. The remaining part of trade was carried out on the ground of bilateral agreements.

Averaged Price of imported electricity declined by annual 11.6% and constituted 4.6 Cent for a kilowatt/hour, as a result of subsidization of electricity imported from Russian through Salkhino transmission line.