In 2025, 129,753.8 MWh of electricity was sold on Georgia's energy exchange, which is almost 7.5 times higher than the 2024 figure (17,493.9 MWh). However, in the fourth quarter, trading on the exchange came to a complete halt. The weighted average electricity price was 131.4 lari/MWh, or 13.14 tetri/kWh. Throughout the year, the balancing price exceeded the average market price, which allowed buyers to save about 2.27 million lari, 5.5 times more than in 2024.
The exchange's report notes that electricity demand generally exceeded supply; however, trading volume remains relatively small. The main reason is the transitional market model with monthly balancing of positions, under which wholesale participants must match the volumes sold with those actually delivered, reducing the need for short-term transactions.
As of the end of 2025, 25 participants were registered on the exchange. Initially, the transitional model was supposed to end on July 1, 2025, but the government extended it until 2027. The full-fledged exchange operating model will include day-ahead trading and intraday transactions with hourly products, as well as a market for balancing and ancillary services.
