Latin America
With a power score of 2.11, Costa Rica ranks number 33 among Emerging Markets and number 8 in the Latin America region
Power score
2.11/5
Score over time
2021 - 2024
Costa Rica has a power score of 2.11, which puts it at rank 33 in the Emerging Markets power ranking. In comparison to 2023, Costa Rica has improved in the power rankings by 26 places, from rank 59, to rank 33.
At 2.11, the power score of Costa Rica is better than than the regional average of 1.93 in the Latin America region and puts it at rank 8 in the region.
Costa Rica implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Net metering, Import tax incentives, VAT incentives, and Renewable Energy Certificates.
The average electricity price in Costa Rica has increased from 152.14 USD/MWh in 2022 to 191.96 USD/MWh in 2023. Since 2017, the average electricity price in Costa Rica has fluctuated between 152.14 USD/MWh (2022) and 191.96 USD/MWh (2023).
The top amount of capacity installed in Costa Rica in 2023 was in Large Hydro at 45.41%, down from 45.88% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 1.48%, up from 0.36% in 2022.
The top amount of electricity generated in Costa Rica in 2023 was in Large Hydro at 53.08%, down from 53.28% in 2022. The technology with the biggest increase in electricity generated in 2023 was Oil & Diesel at 5.09%, up from 0.73% in 2022.
Investment in clean energy in Costa Rica was around $ million in 2023. Between 2018 and 2023, the highest investment in clean energy was in 2018 at $13.50 million, while the lowest was in 2021 with $7.46 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.