Latin America
With a power score of 2.1, Argentina ranks number 34 among Emerging Markets and number 9 in the Latin America region
Power score
2.1/5
Score over time
2021 - 2024
Argentina has a power score of 2.10, which puts it at rank 34 in the Emerging Markets power ranking. In comparison to 2023, Argentina has dropped in the power rankings by 4 places, from rank 30, to rank 34.
At 2.10, the power score of Argentina is better than than the regional average of 1.93 in the Latin America region and puts it at rank 9 in the region.
Argentina implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, VAT incentives, Priority grid access, Renewables mandate, and Renewable Energy Certificates.
The average electricity price in Argentina has dropped from 100.02 USD/MWh in 2022 to 93.46 USD/MWh in 2023. Since 2017, the average electricity price in Argentina has fluctuated between 63.41 USD/MWh (2021) and 162.97 USD/MWh (2018).
The top amount of capacity installed in Argentina in 2023 was in Natural Gas at 52.72%, down from 53.99% in 2022. The technology with the biggest increase in capacity installed in 2023 was Onshore wind at 8.27%, up from 7.47% in 2022.
The top amount of electricity generated in Argentina in 2023 was in Natural Gas at 49.58%, down from 56.43% in 2022. The technology with the biggest increase in electricity generated in 2023 was Large Hydro at 27.39%, up from 21.57% in 2022.
Investment in clean energy in Argentina was around $1,245.60 million in 2023, an increase of 105.09% from 2022 ($607.33 million). Between 2018 and 2023, the highest investment in clean energy was in 2018 at $2,558.79 million, while the lowest was in 2021 with $128.20 million.
Which segments of the power sector are open to private participation?
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Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
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Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
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Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
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Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
For more information on best practices and climate action, explore the NetZero Pathfinders project by BloombergNEF.