November 2023 | Electricity Market Review
29 December 2023

In November 2023, Georgian power plants generated 1,003 mln. kWh of electricity (Figure 1). This represents an 11% decrease in the total generation compared to the previous year (in November 2022, the total generation was 1,131 mln. kWh). The fall in the generation on a yearly basis comes from a decrease in thermal and wind power generation by 27%, and 13%, respectively, while the generation of hydropower plants increased by 1%.

On a monthly basis, the generation decreased by approximately 4% (in October 2023, the total generation was 1,043 mln. kWh) (Figure 1). The monthly fall in total generation is induced by a decrease in thermal and wind power generation by 15% and 10%, respectively, while hydro power generation increased by 4%.

The consumption of electricity on the local market was 1034 mln. kWh (-8% compared to November 2022, and +5% compared to October 2023) (Figure 1). In November 2023, power consumption exceeded generation by 30 mln. kWh which was 3% of the total generation and 3% of the total consumption (in November 2022, the difference between the total generation and the consumption resulted in a surplus of 6 mln. kWh, around 1% of the total generation and 1% of the total consumption for the month).