Tbilisi (GBC) - Electricity exports to Turkey began on July 6, which led to an increase in prices in the Turkish market

According to G&T's research, in June 2026, electricity exports to Turkey dropped sharply - 7.9x in volume and 12.0x in value. Exports to Turkey totalled 24.0 GWh and US$ 0.7mn, and average export price stood at 2.8 USc/kWh (-34.4% y/y).

ESCO was the sole exporter, supplying electricity to settle a previous obligation. The sharp declines in export prices, volumes and revenues reflect lower prices and increased generation in Turkey:

• In June 2026, Turkey’s average market price was 2.9 USc/kWh -34.4% y/y, +61.1% m/m. • Such a low price significantly reduces the economic viability of exports, as exporters must also cover transmission and guaranteed-capacity fees totalling 1.5 USc/kWh.

• Electricity generation in Turkey increased sufficiently for the country to pause commercial imports from Georgia. Higher generation in Turkey reflected favourable hydrological conditions and rapid solar capacity additions.

Exports from Georgia to Turkey resumed on July 6, 2026 as Turkish electricity prices increased. The average Turkish market price reached 6.0 USc/kWh over 1-20 July. In July 2026, the companies exporting electricity were: Achar Energy 2007, Energy Development Georgia, Svaneti Hydro, Kasleti-2, AISI LLC, Austrian Georgian Development and ESCO.