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9.9% Growth of Electricity Consumption Expected in 2018

Electricity consumption growth rate was revised upwards by 3ppts for 2018. On August 27, 2018 Ministry of Economy and Sustainable Development updated the forecast of electricity (capacity) balance for 2018. Based on this document, forecast for electricity consumption in 2018 was revised upwards to 13.0TWh, which is 9.9% y/y increase …

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ESCO: Electricity Export Declines by 14% in Eight Months

In August 2018, the quantity of balancing electricity, purchased (sold) through ESCO was 178 322 147.1 kWh, which represents 17% of total delivery to the grid in mentioned month. The cost of balancing electricity have made up GEL 21 146 639.06. In August, the Weighted Average Price of balancing electricity per …

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Domestic Electricity Consumption Grows by Annual 12.6% in June

ENERGY, Electricity

In June 2018 domestic consumption of electricity rose by 12.6%. The growth constituted 8.4% in the first half of 2018. Domestic consumption increased as a result of increased consumption among direct consumers and distribution companies. Annual growth among direct consumers made up 34.7%, which is 18% in total domestic consumption. …

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Georgia Exported 132 million kw/h Electricity in July

In July 2018 Georgia exported 132 million kw/h electricity. Turkey emerged as a key export market, where 68.86 million kw/h electricity was exported. Armenia is second with 10.016 million kw/h electricity exported, Russia – 44.01 million kw/h, Azerbaijan – 9.13 million kw/h. In whole, 588.32 million kw/h electricity was exported …

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Recent Report of Electricity Prices in Georgia and Turkey

Wholesale market price in Georgia increased by 39.2% y/y to USc 5.4/kWh, from USc 3.9 (-17.2% y/y) in May 2017. The reason behind this dramatic increase was the high share of electricity imports with average price of USc 5.8/kWh into the energy traded through ESCO. In total, only 7.0% of total electricity supplied …

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How Georgia Can Replace the Evegrowing Electricity Imports

How Georgia Can Replace the Evegrowing Electricity Imports

Energy independence is of utmost importance for Georgia in terms of both its economic and political security. It is impossible to develop and strengthen the country without a strong energy system. The immense technical progress has led to higher demand for electricity all over the world and Georgia is no …

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Azerbaijan Starts Electricity Export to Iran

Azerbaijan has started to export electricity to Iran from today, Azerenergy’s spokesman Yahya Babanli told APA-Economics. According to him, at about 11:00 a.m. today, Azerenergy started to export electricity of 80 megawatt to Iran’s Mugan and Astara regions. Babanli also announced the date of next trilateral meeting on integration of …

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Georgia’s Electricity Exports to Turkey in May Rose by 61.4%

Georgia has considerably increased electricity exports to Turkey. Electricity exports totalled 63 715 thousand kw/h as of May 9, 2018. Objective of the government is to increase these indicators and transform Georgia into an energy hub, Minister of Economy Dimitri Kumsishvili noted. “We enhance cooperation with Turkey to more integrate …

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Electricity Tariffs in Georgia and Turkey

Averaged price of electricity imports in December declined by annual 16.1% and constituted 4.9 US Cent on a kilowatt/hour. According to G&T information, growing imports volume in December 2017 raised the power balance price by annual 13.3% and constituted 4.8 US center for a kilowatt/hour. 19.7% of total supplied electricity …

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Do Bitcoin Mining Costs Influence Electricity Prices?

On January 1, the electricity price rose to 23 Tetri for one kilowatt/hour from 14.54 Tetri. According to public opinion, the electricity tariff rose because of growing mining of electronic currency – BitCoin. It is worth noting that two virtual currency mining centers of out three ones in the world …

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Georgia’s Electricity Consumption Grows

In November 2017, domestic electricity consumption rose by annual 6.7%, while the January-November growth constituted 8.6%. According to G&T, the November growth was mainly preconditioned by a 6% upturn of consumption of distribution companies and a 31.9% upturn of direct consumption after Georgian Manganese increased electricity consumption by 48.2%. Energo-Pro …

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Georgian Industrial Group Enters Uzbekistan

Georgian Industrial Group to enter market of Uzbekistan, CEO of GIG Zurab Gelenidze announced during his speech at Tbilisi Belt& Road forum, bm.ge reports. He talked about the company’s expertise on the panel and noted that the company’s main activity is electricity generation. According to him, the GIG group operates …

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