Africa
With a power score of 2.29, Madagascar ranks number 20 among Emerging Markets and number 6 in the Africa region
Power score
2.29/5
Score over time
2021 - 2024
Madagascar has a power score of 2.29, which puts it at rank 20 in the Emerging Markets power ranking. In comparison to 2023, Madagascar has improved in the power rankings by 28 places, from rank 48, to rank 20.
At 2.29, the power score of Madagascar is better than than the regional average of 1.8 in the Africa region and puts it at rank 6 in the region.
Madagascar implements policies in 7/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, Net metering, Import tax incentives, VAT incentives, and Priority grid access.
The average electricity price in Madagascar has dropped from 118.74 USD/MWh in 2022 to 118.28 USD/MWh in 2023. Since 2017, the average electricity price in Madagascar has fluctuated between 117.34 USD/MWh (2020) and 194.91 USD/MWh (2017).
The top amount of capacity installed in Madagascar in 2023 was in Oil & Diesel at 53.21%, down from 57.35% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 12.26%, up from 7.82% in 2022.
The top amount of electricity generated in Madagascar in 2023 was in Oil & Diesel at 49.49%, down from 54.99% in 2022. The technology with the biggest increase in electricity generated in 2023 was PV at 15.17%, up from 3% in 2022.
Investment in clean energy in Madagascar was around $1.64 million in 2023. Between 2018 and 2023, the highest investment in clean energy was in 2021 at $34.60 million, while the lowest was in 2023 with $1.64 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.