The Chairman of the Georgian National Energy and Water Supply Regulatory Commission (GNERC), Davit Narmania, has stated that residential tariffs in the capital and the regions are rising by five tetri, whilst for the commercial sector, that is, non-domestic consumers, the increase varies by voltage tier, ranging from four to six tetri.

According to Narmania, the primary driver behind the rise in both domestic and non-domestic tariffs is increased electricity consumption.

“Account has also been taken of rising energy prices and the country’s dependence on electricity imports during the autumn and winter months. Additionally, an optimal level of investment has been identified to gradually reduce network faults and enhance the quality of electricity supply for both the general public and the commercial sector. The investment volume was revised in the recent period and approved by the Regulatory Commission in such a way as to avoid any significant impact on the tariff. In the Commission’s assessment, without investment, the situation would deteriorate: faults would increase, supply interruptions would become more frequent, and the public would bear the greatest burden as a result. The Commission has accordingly reached a balanced decision. We believe the tariff we have set will remain in place for several years,” said Narmania.

As Narmania further explained, the tariff increases are designed to ensure the reliable functioning of the system and a reduction in outages.

“You will have noticed that emergency power cuts have become more frequent both in the capital and in the regions recently, particularly during periods of adverse weather. For this reason, the Regulatory Commission is monitoring and analysing outages through a dedicated programme. It has been established that the number of faults was rising in a number of areas. Field monitoring carried out by the technical department confirmed that the condition of the infrastructure was deteriorating year on year. A decision to increase investment was taken two years ago, and that trajectory has been maintained.

You will recall that when the opportunity arose, the Regulatory Commission reduced the tariff by three tetri two years ago, meaning that a reduced tariff, three tetri lower, was in effect throughout 2024 and 2025. We are therefore returning to the level that applied before that reduction, with an additional increase of two tetri on top. Furthermore, at the end of 2025, a temporary tariff was introduced for a period of three months, to allow us to reach an agreement on investment requirements, projected electricity generation and supply balance,” said Davit Narmania.

For reference, the new domestic and non-domestic electricity tariffs will take effect on April 1.