“We expect that consumer tariffs for neither electricity nor natural gas will increase and that they will remain unchanged,” said David Narmania, Chairman of the Georgian National Energy and Water Regulatory Commission (GNERC).

According to Narmania, the commission has been working intensively on tariff-related issues in recent days and has also held consultations with the Prime Minister of Georgia.

“In recent days, the commission has been actively reviewing tariff issues and clarifying individual aspects. We also held consultations with the Prime Minister. Electricity distribution companies have submitted a written request to postpone the tariff-setting process for three months, as electricity balances and projected generation for the coming year have not yet been finalized. Therefore, the commission will discuss this issue today, and we are considering setting temporary tariffs, which would mean maintaining the current electricity tariffs for the next three months,” Narmania explained.

As for natural gas, Narmania emphasized that no tariff increase is expected.

“I previously stated that no increase in natural gas tariffs was planned. There may be certain minor technical adjustments, but overall, we expect that consumer tariffs for both electricity and natural gas will remain unchanged,” he said.

Narmania also noted that there are currently no factors that would justify a tariff increase.

“I mentioned earlier that tariffs could increase under certain conditions, and I outlined the factors that could lead to such a decision. At present, none of these factors exist, which is why the existing tariffs are being maintained,” he stated.

Regarding consultations with the Prime Minister, Narmania said they were a natural and necessary part of the process.

“A number of issues in the electricity sector fall within the government’s prerogative, including electricity balances, generation forecasting, and the regulation of hydropower plants, which serve as the basis for the commission’s decisions. Therefore, these consultations are entirely natural,” Narmania added.