Asia-Pacific
With a power score of 1.69, Mongolia ranks number 76 among Emerging Markets and number 19 in the Asia-Pacific region
Power score
1.69/5
Score over time
2021 - 2024
Mongolia has a power score of 1.69, which puts it at rank 76 in the Emerging Markets power ranking. In comparison to 2023, Mongolia has dropped in the power rankings by 30 places, from rank 46, to rank 76.
At 1.69, the power score of Mongolia is worse than than the regional average of 1.94 in the Asia-Pacific region and puts it at rank 19 in the region.
Mongolia implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Feed-in tariff, Net metering, Import tax incentives, VAT incentives, and Renewable Energy Certificates.
The average electricity price in Mongolia has dropped from 50.73 USD/MWh in 2022 to 47.50 USD/MWh in 2023. Since 2017, the average electricity price in Mongolia has fluctuated between 47.50 USD/MWh (2023) and 58.36 USD/MWh (2017).
The top amount of capacity installed in Mongolia in 2023 was in Coal at 84.32%, up from 84.1% in 2022. The technology with the biggest increase in capacity installed in 2023 was Small-scale PV - residential at 0.73%, up from 0.07% in 2022.
The top amount of electricity generated in Mongolia in 2023 was in Coal at 90.29%, down from 90.56% in 2022. The technology with the biggest increase in electricity generated in 2023 was PV at 2.06%, up from 1.95% in 2022.
Investment in clean energy in Mongolia was around $ million in 2023, a decrease of 100% from 2022 ($3.60 million). Between 2018 and 2023, the highest investment in clean energy was in 2018 at $172.84 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.