Asia-Pacific
With a power score of 1.74, Georgia ranks number 71 among Emerging Markets and number 18 in the Asia-Pacific region
Power score
1.74/5
Score over time
2021 - 2024
Georgia has a power score of 1.74, which puts it at rank 71 in the Emerging Markets power ranking. In comparison to 2023, Georgia has dropped in the power rankings by 20 places, from rank 51, to rank 71.
At 1.74, the power score of Georgia is worse than than the regional average of 1.94 in the Asia-Pacific region and puts it at rank 18 in the region.
Georgia implements policies in 4/9 power policy categories tracked by Climatescope, including Renewable energy auction, Feed-in tariff, Net metering, and Priority grid access.
The average electricity price in Georgia has increased from 98.63 USD/MWh in 2022 to 109.02 USD/MWh in 2023. Since 2017, the average electricity price in Georgia has fluctuated between 65.78 USD/MWh (2020) and 109.02 USD/MWh (2023).
The top amount of capacity installed in Georgia in 2023 was in Large Hydro at 60.45%, down from 60.48% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - commercial at 0.45%, up from 0.4% in 2022.
The top amount of electricity generated in Georgia in 2023 was in Large Hydro at 58.61%, down from 59.93% in 2022. The technology with the biggest increase in electricity generated in 2023 was Small Hydro at 16.71%, up from 15.56% in 2022.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.