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Energo-Pro Georgia: significant increase in electricity price inevitable

Energo-Pro Georgia: significant increase in electricity price inevitable The current tariff was set on January 1, 2018 for three years. Photo: Energo-Pro Georgia. A significant increase in electricity tariffs is inevitable, says energy company Energo-Pro Georgia. We can already conclude that the increase of the consumer tariff, unfortunately, is necessary,” Mikheil Botsvadze, General Director of the company. The current tariff was set on January 1, 2018 for three years.  The company says that ‘the current tariff, for objective reasons, has long been unable to reimburse the dramatically increased costs for electricity purchases or other areas.’ We have been in a severe financial crisis for 10 months now, we have had to abandon all development plans, significantly reduce investment projects, even complicate the financing of the salary fund…Such a reduction in investment projects naturally has a negative impact on the quality of service and the continuity of electricity

Georgia s main electricity provider announces price hike in midst of pandemic

Georgia’s main electricity provider announces price hike in midst of pandemic TBILISI, DFWatch–At the end of a difficult year with families struggling to get through a pandemic, Georgia’s largest electricity provider announced a price hike that risks causing major discontent. “The existing tariff, for objective reasons, doesn’t reimburse dramatically the increased costs for electricity purchases or other costs. We have been in a severe financial crisis for 10 months now, we have had to abandon all development plans, significantly reduce investment projects, it has even become difficult to finance the salary fund, ” the company’s CEO Mikheil Botsvadze said.

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