Electricity consumption is growing in Georgia. Domestic consumption increased 14.4% y/y in August 2017.
According to G&T, consumption by eligible consumers, up 66.0% y/y, was a key driver, with Georgian Manganese doubling its consumption (+102.4% y/y) to 114.9GWh, a historic maximum for the company.
It should be noted, that production index has been increased to Georgian Manganese along the export (134% y-o-y).
Consumption of distribution companies, up 10.5%, also played a significant role in overall growth. Consumption was up 8.6% y/y by Telasi, 11.7% y/y by Energo-Pro, and 8.7% y/y by Kakheti Energy Distribution. The Abkhazian region’s electricity usage was up 1.7% y/y and accounted for 11.2% of domestic consumption.
Georgia’s net import of electricity in 2017 is expected to come in at 1,007.4GWh.
By comparison, Georgia was a net exporter of electricity in 2016, albeit with only 80.1GWh of net export. Electricity export was up 22.6% y/y to 684.7GWh in 8M17, while imports more than doubled to 962.3GWh.