kWh ELECTRICITY MARKET REVIEW | Electricity Generation – Consumption F i g u r e 2 - Electricity Generation by Sources 1,400 1,200 1,000 800 600 400 200 0 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Source: ESCO HPP TPP WPP Among hydropower generators, large (regulatory) HPPs produced 38% (216 mln. [...] F i g u r e 5 - Share of Enguri and Vardnili in Total Generation 100% 80% 60% 40% 20% 0% Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Enguri HPP Vardnili HPP Source: ESCO Overall, total generation increased by 63% compared to March 2021 (Figure 6). [...] kWh ELECTRICITY MARKET REVIEW | Electricity Generation – Consumption – Trade Highlights F i g u r e 8 - Electricity Consumption Growth (%, y/y) 30% 20% 17% 8% 9% 10% 10% 6% 1% 2% 0% -10% -8% -20% -30% Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Source: ESCO In March 2022, Georgia imported 331 mln. [...] kWh ELECTRICITY MARKET REVIEW | Electricity Generation – Consumption – Trade Highlights Fig u r e 1 0 - Exports by Year 600 500 400 300 200 100 0 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Russia Azerbaijan Armenia Turkey Source: ESCO In March 2022, electricity imports decreased by 7% compared to February 2022 (Figure 11) Electricity exports decreased by 95%, compared. [...] F i g u r e 1 3 - Electricity Purchased / Sold Shares of Direct Contracts and Balancing Electricity 100% 80% 60% 40% 20% 0% Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Direct Contract Balancing Electricity Source: ESCO In March 2022, the weighted average price of balancing electricity was 18.3 tetri/kWh, which corresponds to an annual increase of 10% compared to March 2.
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