Latin America
With a power score of 2.12, Nicaragua ranks number 31 among Emerging Markets and number 7 in the Latin America region
Power score
2.12/5
Score over time
2021 - 2024
Nicaragua has a power score of 2.12, which puts it at rank 31 in the Emerging Markets power ranking. In comparison to 2023, Nicaragua has improved in the power rankings by 18 places, from rank 49, to rank 31.
At 2.12, the power score of Nicaragua is better than than the regional average of 1.93 in the Latin America region and puts it at rank 7 in the region.
Nicaragua implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Net metering, Import tax incentives, VAT incentives, Priority grid access, and Renewable Energy Certificates.
The average electricity price in Nicaragua has dropped from 199.87 USD/MWh in 2022 to 195.96 USD/MWh in 2023. Since 2017, the average electricity price in Nicaragua has fluctuated between 195.96 USD/MWh (2023) and 233.13 USD/MWh (2020).
The top amount of capacity installed in Nicaragua in 2023 was in Oil & Diesel at 54.27%.
The top amount of electricity generated in Nicaragua in 2023 was in Oil & Diesel at 34.4%.
Investment in clean energy in Nicaragua was around $16.50 million in 2023. Between 2018 and 2023, the highest investment in clean energy was in 2021 at $37.00 million, while the lowest was in 2019 with $2.10 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.