Trading resumed on the Georgian Energy Exchange at the end of March 2026 after seven months without completed transactions.

A total of 2,322 MWh of electricity was sold over three trading days. The weighted average price was 14.4 tetri per kWh, equivalent to GEL 144 per MWh.

The volume was small relative to Georgia’s overall electricity market, but the return of transactions is relevant to the country’s gradual transition toward organised, market-based trading.

According to exchange data cited by Energy News, participants traded 129,753.8 MWh on the day-ahead market during 2025. This was almost 7.5 times the volume recorded in 2024. The weighted average price for 2025 was GEL 131.4 per MWh, or 13.14 tetri per kWh.

Twenty-four companies were registered to participate in the exchange at the time of the March update.

Georgia’s electricity exchange began operating on 1 July 2024 under a transitional model. Full market operation is scheduled for July 2027 and is expected to include hourly balancing and a dedicated balancing market.

The March trades do not yet demonstrate deep liquidity. They do, however, provide a reference price outside traditional bilateral arrangements and show that activity can resume after an extended interruption.

For renewable developers, a more active exchange could eventually create clearer market signals and additional sales options. That will depend on broader participation and the implementation of balancing arrangements suitable for variable generation.

The article is based on data reported by Energy News, citing the Georgian Energy Exchange.