Latin America
With a power score of 1.8, El Salvador ranks number 67 among Emerging Markets and number 14 in the Latin America region
Power score
1.8/5
Score over time
2021 - 2024
El Salvador has a power score of 1.80, which puts it at rank 67 in the Emerging Markets power ranking. In comparison to 2023, El Salvador has dropped in the power rankings by 26 places, from rank 41, to rank 67.
At 1.80, the power score of El Salvador is worse than than the regional average of 1.93 in the Latin America region and puts it at rank 14 in the region.
El Salvador implements policies in 4/9 power policy categories tracked by Climatescope, including Renewable energy target, Net metering, Priority grid access, and Renewable Energy Certificates.
The average electricity price in El Salvador has dropped from 160.90 USD/MWh in 2022 to 142.77 USD/MWh in 2023. Since 2017, the average electricity price in El Salvador has fluctuated between 136.40 USD/MWh (2021) and 188.10 USD/MWh (2019).
The top amount of capacity installed in El Salvador in 2023 was in Oil & Diesel at 25.18%, down from 27.06% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 12.21%, up from 8.03% in 2022.
The top amount of electricity generated in El Salvador in 2023 was in Large Hydro at 27.57%, up from 26.11% in 2022. The technology with the biggest increase in electricity generated in 2023 was Oil & Diesel at 11.4%, up from 7.66% in 2022.
Investment in clean energy in El Salvador was around $28.48 million in 2023, a decrease of 19.55% from 2022 ($35.40 million). Between 2018 and 2023, the highest investment in clean energy was in 2018 at $159.00 million, while the lowest was in 2021 with $13.05 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.