Asia-Pacific
With a power score of 1.99, Armenia ranks number 47 among Emerging Markets and number 13 in the Asia-Pacific region
Power score
1.99/5
Score over time
2021 - 2024
Armenia has a power score of 1.99, which puts it at rank 47 in the Emerging Markets power ranking. In comparison to 2023, Armenia has dropped in the power rankings by 18 places, from rank 29, to rank 47.
At 1.99, the power score of Armenia is better than than the regional average of 1.94 in the Asia-Pacific region and puts it at rank 13 in the region.
Armenia implements policies in 4/9 power policy categories tracked by Climatescope, including Renewable energy target, Feed-in tariff, Net metering, and Import tax incentives.
The average electricity price in Armenia has increased from 113.78 USD/MWh in 2022 to 126.25 USD/MWh in 2023. Since 2017, the average electricity price in Armenia has fluctuated between 73.95 USD/MWh (2020) and 126.25 USD/MWh (2023).
The top amount of capacity installed in Armenia in 2023 was in Natural Gas at 43.59%, down from 46.34% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 8.59%, up from 4.93% in 2022.
The top amount of electricity generated in Armenia in 2023 was in Natural Gas at 38.3%, down from 40.31% in 2022. The technology with the biggest increase in electricity generated in 2023 was Nuclear at 25.41%, up from 23.34% in 2022.
Investment in clean energy in Armenia was around $ million in 2023, a decrease of 100% from 2022 ($7.55 million). Between 2018 and 2023, the highest investment in clean energy was in 2021 at $88.32 million, while the lowest was in 2022 with $7.55 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.