Tbilisi (GBC) - Hydropower generation fell by 19.3% year-on-year in April 2026 due to weak hydrology, accounting for 78% of total supply, according to the Galt & Taggart Electricity Market Review.

For comparison, hydropower supplied 93% of total supply on average in April from 2021-24. This year, late warming delayed snowmelt, causing water levels to rise only in late April, while in previous years high hydropower generation was recorded from early April. As a result, April saw an unusually high demand for thermal power (16.5% of total supply) and imports (4.3% of total supply).

In April, 3 power plants were commissioned: 2 hydropower plants were launched in test mode - Chiora HPP and Bakhvi 2B HPP, with a total installed capacity of up to 40 MW; and the 18.7 MW “Upper Wind Station” was put into operation.

In April 2026, electricity imports amounted to 51 GWh (4.3% of total supply), although only half of this was commercial imports, 24.8 GWh from Turkey. Of the remaining volume, 9 GWh came from Russia for the Abkhazian region, while the 17 GWh import from Azerbaijan was fully balanced by exports of the same volume and value to Azerbaijan in the same day slot. The identical volumes of imports and exports indicate that these transactions were not commercial trade and were related to the technical needs of synchronous operation.

Imports from Turkey were carried out on April 16-22, during the shutdown period of thermal power plants. Its value was $0.7 million, and the average price was 2.9 US cents per kWh. It is noteworthy that in 2026, except for February, imports from Turkey were carried out in all months, which is associated with historically low prices on the Turkish market. The price decrease, in turn, was associated with increased renewable generation due to favorable climatic conditions.

As for the average price of balancing electricity, it decreased by 5% year-on-year in April and amounted to 5.8 US cents per kWh.

In addition, the balancing capacity increased by 21.7% and was 0.4 TWh, which accounts for 32.6% of the total supply.