Latin America
With a power score of 2.49, Guatemala ranks number 10 among Emerging Markets and number 3 in the Latin America region
Power score
2.49/5
Score over time
2021 - 2024
Guatemala has a power score of 2.49, which puts it at rank 10 in the Emerging Markets power ranking. In comparison to 2023, Guatemala has improved in the power rankings by 5 places, from rank 15, to rank 10.
At 2.49, the power score of Guatemala is better than than the regional average of 1.93 in the Latin America region and puts it at rank 3 in the region.
Guatemala 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 Guatemala has dropped from 150.85 USD/MWh in 2022 to 142.43 USD/MWh in 2023. Since 2017, the average electricity price in Guatemala has fluctuated between 142.43 USD/MWh (2023) and 182.74 USD/MWh (2018).
The top amount of capacity installed in Guatemala in 2023 was in Large Hydro at 29.45%, down from 30.8% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small Hydro at 14.13%, up from 12.81% in 2022.
The top amount of electricity generated in Guatemala in 2023 was in Large Hydro at 27.64%, down from 40.8% in 2022. The technology with the biggest increase in electricity generated in 2023 was PV at 17.03%, up from 1.83% in 2022.
Investment in clean energy in Guatemala was around $47.06 million in 2023, an increase of 1207.25% from 2022 ($3.60 million). Between 2018 and 2023, the highest investment in clean energy was in 2023 at $47.06 million, while the lowest was in 2022 with $3.60 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.