Africa
With a power score of 1.73, Ethiopia ranks number 72 among Emerging Markets and number 25 in the Africa region
Power score
1.73/5
Score over time
2021 - 2024
Ethiopia has a power score of 1.73, which puts it at rank 72 in the Emerging Markets power ranking. In comparison to 2023, Ethiopia has improved in the power rankings by 3 places, from rank 75, to rank 72.
At 1.73, the power score of Ethiopia is worse than than the regional average of 1.8 in the Africa region and puts it at rank 25 in the region.
Ethiopia implements policies in 5/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, Import tax incentives, and Renewable Energy Certificates.
The average electricity price in Ethiopia has dropped from 37.35 USD/MWh in 2022 to 35.46 USD/MWh in 2023. Since 2017, the average electricity price in Ethiopia has fluctuated between 21.18 USD/MWh (2017) and 45.92 USD/MWh (2020).
The top amount of capacity installed in Ethiopia in 2023 was in Large Hydro at 83.21%, down from 83.67% in 2022. The technology with the biggest increase in capacity installed in 2023 was Onshore wind at 7.87%, up from 5.78% in 2022.
The top amount of electricity generated in Ethiopia in 2023 was in Large Hydro at 92.61%, up from 91.82% in 2022. The technology with the biggest increase in electricity generated in 2023 was Biomass & Waste at 1.24%, up from 0.18% in 2022.
Investment in clean energy in Ethiopia was around $ million in 2023. Between 2018 and 2023, the highest investment in clean energy was in 2020 at $409.20 million, while the lowest was in 2021 with $18.00 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.