How Much Georgia Pays for Azerbaijani, Russian and Turkish Electricity

In 2020, Georgia imported 1.6 billion kw/h of electricity. Despite a 5% downturn in electricity consumption, imports volume remains the same and import-dependence has increased.

The item’s ratio in Georgia’s total imports in 2020 constituted 13%. Electricity imports value in 2020 made up $64.5 million. In 2020, Georgia imported electricity from Russia, Azerbaijan and Turkey, including 726 kw/h were imported from Turkey, which is 45% of total imports.

According to the Electricity Market Operator (ESCO), the Azerbaijani electricity is the most expensive – 5 Cent for 1kw/h, while Turkish electricity costs Cent 3 and Russian Cent 4.

Electricity imports due to countries:

Azerbaijan - 726,300,000 kw/h, price - $36,397,260; tariff - Cent 5;

Russia - 570,600,000 kw/h, price - $14,553,200; tariff - Cent 3;

Turkey - 313,100,000 kw/h, price - $13,564,140; tariff – Cent 4;

Total - 1,610,000,000 kw/h, price - $64,514,600; tariff – Cent 4.

As for electricity exports, the volume declined by 36% to 154 million kw/h. Georgian electricity exports price made up Cent 3.8 and the 2020 incomes from electricity constituted $5.8 million, down 11 times compared to imports.