Georgia’s electricity consumption increased by 2.6% year-on-year to 11 TWh in January–September 2026, according to investment bank Galt & Taggart. Consumption growth was stronger at the beginning of the year but slowed during the summer, largely due to weather conditions. Lower electricity prices and higher domestic generation in Turkey also contributed to a 51% annual decline in Georgia’s electricity exports to the country, while overall electricity demand fell by 0.2%.
Seasonal hydropower output and hydrological conditions shaped Georgia’s electricity supply mix. Renewable energy accounted for 36% of total supply in January and rose to 98% in June. Lower demand between May and July also led to an estimated 0.5 TWh in curtailed power generation, according to Galt & Taggart.
Overall, renewable energy sources covered 74% of Georgia’s electricity consumption in the first nine months of 2026. The remaining 26% was supplied through electricity imports and thermal generation powered by imported natural gas.
Galt & Taggart said the results highlight the need to reconsider current energy sector policies and better align the investment climate with the needs of the electricity system. The bank argues that support for new projects should prioritize seasonal generation patterns and their contribution to system reliability, with these factors reflected in contracts for difference (CfDs) and tariff-setting mechanisms.
