Africa
With a power score of 1.26, Eritrea ranks number 97 among Emerging Markets and number 37 in the Africa region
Power score
1.26/5
Score over time
2021 - 2024
Eritrea has a power score of 1.26, which puts it at rank 97 in the Emerging Markets power ranking. In comparison to 2023, Eritrea has improved in the power rankings by 6 places, from rank 103, to rank 97.
At 1.26, the power score of Eritrea is worse than than the regional average of 1.8 in the Africa region and puts it at rank 37 in the region.
Eritrea implements policies in 2/9 power policy categories tracked by Climatescope, including Renewable energy target, and Renewable energy auction.
The average electricity price in Eritrea has remained the same since 2022. Since 2017, the average electricity price in Eritrea has fluctuated between 239.00 USD/MWh (2017) and 240.00 USD/MWh (2023).
The top amount of capacity installed in Eritrea in 2023 was in Oil & Diesel at 77.68%, down from 96.88% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - commercial at 21.56%, up from 2.64% in 2022.
The top amount of electricity generated in Eritrea in 2023 was in Oil & Diesel at 96.2%, down from 96.81% in 2022. The technology with the biggest increase in electricity generated in 2023 was PV at 3.26%, up from 2.65% in 2022.
Investment in clean energy in Eritrea was around $49.92 million in 2023. Between 2018 and 2023, the highest investment in clean energy was in 2023 at $49.92 million, while the lowest was in 2018 with $1.86 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.