The Georgian National Energy and Water Supply Regulatory Commission (GNERC) postponed the electricity tariff review by three months on December 29, 2025. The delay affects the expected tariff increase, which was tied to planned investments by “Energo-Pro Georgia” and “Telasi.” Energo-Pro Georgia had planned GEL 1.56 billion and Telasi GEL 400 million in five-year network investments, totaling GEL 2 billion. Energo-Pro Georgia’s investment plans may now be revised, potentially reducing their impact on tariffs.
Energo-Pro Georgia supplies electricity to most of Georgia outside Tbilisi and operates 16 hydroelectric plants with a total capacity of 494 MW. In 2024, the group reported GEL 1.1 billion in revenue and a net profit of GEL 265 million, down from GEL 417 million in 2023. The company is owned by the Czech energy group Energo Pro.
Telasi Group, 75% owned by Russian Inter RAO and partially by Khvicha Makatsaria’s holding, operates Telasi and Tbilisi Electricity Supply Company, along with two hydro plants, Khramhes I and II. In 2024, Telasi reported GEL 227 million in revenue and a net profit of GEL 93 million, while Tbilisi Electricity Supply Company posted a GEL 10 million loss. Combined, Telasi Group’s net profit was GEL 83 million in 2024, down from GEL 207 million in 2023.
The three-month delay in tariff adjustment allows GNERC to finalize investment plans and ensure any changes reflect updated obligations and financial realities. The decision aims to balance future network investments with fair pricing for consumers, considering both companies’ current performance and strategic plans.
