Electricity exports from Georgia in May 2026 reached their lowest level in the last 10 years, both in terms of volume and value. This is stated in a review by the analytical company Galt & Taggart, dedicated to the energy market.
The main decline occurred in supplies to Turkey: the volume of exports decreased by 4.8 times and amounted to 36.2 million kWh against 172 million kWh a year earlier. Revenue, however, decreased even more significantly – by 7.8 times, which reflects the overall deterioration of market conditions.
The average export price of electricity from Georgia decreased by approximately 40% – to 2.7 cents per kWh. At the same time, within the Turkish market, the average cost fell even more significantly – to 1.8 cents per kWh, which makes export supplies less attractive even taking into account contractual schemes and hourly trading.
Analysts attribute this decline to the sharp drop in electricity prices in Turkey amid the expansion of solar generation and favorable hydrological conditions, which increased supply and lowered exchange prices. Additionally, the profitability of exports is affected by systemic costs, including transmission tariffs and guaranteed capacity charges.
In May, only four companies supplied to Turkey, including Adjara Energy 2007, Energy Development Georgia, Svaneti Hydro, and Kasleti-2, which also reflects a reduction in active participants in the export segment.
