Electricity exports fell sharply in July.
According to data from the State Electricity System, 38.84 million kWh of electricity was exported from Georgia to Turkey last month, which is 82% less than a year earlier. In July last year, 220.4 million kWh was exported.
This year, a total of 460 million kWh of electricity was supplied to export markets, compared to 938.58 million kWh in the first seven months of last year. Last year, Georgia exported a total of 976 million kWh of electricity. Exports continued from April to August. The main factor influencing the decline in exports this year was the decrease in electricity prices in Turkey. According to Galt & Taggart, in the first half of the year, the average export price decreased by 4% year-on-year and amounted to 4.3 US cents per kWh.
