Latin America
With a power score of 2.25, the Dominican Republic ranks number 24 among Emerging Markets and number 5 in the Latin America region
Power score
2.25/5
Score over time
2021 - 2024
The Dominican Republic has a power score of 2.25, which puts it at rank 24 in the Emerging Markets power ranking. In comparison to 2023, the Dominican Republic has dropped in the power rankings by 4 places, from rank 20, to rank 24.
At 2.25, the power score of the Dominican Republic is better than than the regional average of 1.93 in the Latin America region and puts it at rank 5 in the region.
The Dominican Republic implements policies in 5/9 power policy categories tracked by Climatescope, including Renewable energy target, Feed-in tariff, Net metering, Import tax incentives, and Priority grid access.
The average electricity price in the Dominican Republic has dropped from 124.01 USD/MWh in 2022 to 121.68 USD/MWh in 2023. Since 2017, the average electricity price in the Dominican Republic has fluctuated between 119.36 USD/MWh (2021) and 167.82 USD/MWh (2017).
The top amount of capacity installed in the Dominican Republic in 2023 was in Natural Gas at 29.44%, up from 9.08% in 2022.
The top amount of electricity generated in the Dominican Republic in 2023 was in Natural Gas at 40.32%, up from 18.46% in 2022.
Investment in clean energy in the Dominican Republic was around $402.05 million in 2023, an increase of 17.88% from 2022 ($341.07 million). Between 2018 and 2023, the highest investment in clean energy was in 2023 at $402.05 million, while the lowest was in 2020 with $104.35 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.