13.Apr.2018 18:24
Energy sector

Electricity Prices in Georgia and Turkey

Electricity Prices in Georgia and Turkey
Average import price increased by 52.2% y/y and reached USc 5.3/kWh, from last year’s low base (-22.6% y/y). In February 2017, there was a subsidized electricity import from Russia via Salkhino line to satisfy the excess needs of Abkhazian region. According to G&T Despite higher import price, the wholesale market price was up only by 3.5% y/y to USc 5.3/kWh, due to low electricity imports. Electricity traded at the wholesale price through the market operator was 22.9% of total electricity supplied to the grid, down from 33.0% in February 2017.

Turkish electricity prices decreased 2.7% y/y to USc 4.7/kWh from a significantly high base in February 2017 (+30.8% y/y).
 
 
 



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