"In April 2024, compared to the same period of the previous year, electricity generation in Georgia decreased by 13%," - the TBC Capital study says.

According to the data, in the same period, electricity consumption decreased by 4% annually, which is due to a sharp decrease in electricity consumption by the Autonomous Republic of Abkhazia.

As mentioned in the study, the cost of one kilowatt-hour in the balance electricity market increased by 4% per year, 5.71 US. Cent. The increased price of the natural gas for thermal plants is the main factor in the price-growth of electricity.

According to TBC Capital, Georgia started exporting electricity from April of this year, and the main market is Turkey.