The Georgian National Energy and Water Supply Regulatory Commission (GNERC) has been regulating the electricity sphere since 1997, taking over the natural gas sector regulation in 1999 and water supply sector regulation in 2007 (as a result of legal changes). The mission of GNERC is to maintain balance in the Energy and Water Supply Sectors between the interests of the regulated companies and customers, ensure constant development of the regulatory framework, as well as to promote competitive environment, act within the capacities conferred under the legislation on the basis of transparency, fairness and impartiality principles.

GNERC generates regular annual reports providing updates and trends in electricity sector, Natural Gas sector and Water Supply sector. In addition, the commission summarizes the achievements and actions towards expunging international relations.

According to the report, the year of 2022 was important in terms of the structural reorganization of the electricity market, as far as in 2022 the new legislative base was formedand improved in accordance with the requirements of the Law of Georgia “On Energy and Water Supply”. The process is fully harmonized with the Directives and Regulations of the 3rd European Energy Package, as well as with the Accession Protocol to the Energy Community.

Electricity generation (busbar delivery) has increased by 12.5% compared to 2021, and by 27.8% compared to 2020.  Electricity import has decreased by 23.6% compared to 2021, and by 4.8% compared to 2020;  In 2022, 7 small-capacity power plants were put into operation in Georgia, with a total installed capacity of 26.92 MW.

As for Gas sector, According to the energy balance of Georgia, the share of natural gas in total energy consumption was 39%. The reduction in the proportion of coal, biofuels, and waste is noteworthy, potentially resulting from the active promotion of gasification and the substitution of solid fuel with natural gas.

Detailed data and information on the above mentioned sectors in Georgia, as well as international relation efforts and events is available ar GNERC report 2022.