Wholesale market price in Georgia increased by 39.2% y/y to USc 5.4/kWh, from USc 3.9 (-17.2% y/y) in May 2017.
The reason behind this dramatic increase was the high share of electricity imports with average price of USc 5.8/kWh into the energy traded through ESCO. In total, only 7.0% of total electricity supplied to the grid was traded at the wholesale price through the market operator.
Average price of Georgia’s electricity exports was slightly down (-3.8% y/y) to USc 3.2/kWh in May 2018. Average price of electricity in Turkey- the main exporting market for Georgia – was down 6.0% y/y to USc 4.1/kWh.