Tbilisi (GBC) - No commercial electricity imports or exports were carried out in Georgia in June 2026, according to a study published by Galt & Taggart.
According to the investment bank, electricity exports to Turkey in June decreased by 7.9 times in volume and 12 times in value. The increase in generation in the Turkish market was due to good hydrology and intensive construction of solar power plants.
“Exports to Turkey amounted to 24.0 GWh and $0.7 million, while the average export price was 2.8 US cents per kWh (-34.4% y/y). The only exporter was ESCO, whose goal was to repay old debt,” the study notes.
Galt & Taggart explains that the average electricity price in Turkey in June was 2.9 US cents/kWh (-34.4% year-on-year, +61.1% month-on-month). Such a low price significantly reduced the economic attractiveness of exports, since exporters also had to pay the transmission tariff and guaranteed capacity fee (totaling 1.5 cents). As a result, Turkey refused to import electricity from Georgia commercially.
July dynamics and restored exports
The situation changed since July - against the background of an increase in prices on the Turkish market (with an average rate of 6 US cents/kWh for July 1-20), electricity exports from Georgia resumed on July 6.
In July 2026, the list of exporting companies includes:
- "Adjara-Energy 2007"
- "Energy Development Georgia"
- "Svaneti Hydro"
- "Kasleti 2"
- "Aisi" LLC
- "Austrian Georgian Development"
- ESCO
