Tbilisi (GBC) – Electricity generation in Georgia increased by 6.4% in May, compared to the same period of 2023, while electricity consumption was up by 1.9% in the same period, - according to the report published by TBC Capital.

In the balancing electricity market, the cost of one kilowatt-hour of electricity equaled 4.44 US cents, which is an annual increase of 35%. On the other hand, in May of this year, compared to April, the price of electricity in the balance market decreased by 22% per month.

In May of this year, 319 GW/h of electricity was exported from Georgia, Turkey is still the main market.