Climatescope 2025

Peru

With a power score of 2.05, Peru ranks number 50 among Emerging markets and number 10 in the Latin America region.

Power score
2.05/5

Fundamentals2.77/5
Opportunities0.90/5
Experience1.76/5
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Ranking over time2.05/5

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Overview

Peru has a power score of 2.05, which puts it at rank 50 in the Emerging Markets power ranking. The power score of Peru is lower than the average of 2.07 in the Latin America region.

Regional comparison chart

In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.

Power

Power policy

Peru implements policies in 3/8 categories tracked by Climatescope; Renewable energy target, REC'S - Renewable Energy Certificates, and Priority generation dispatch

Renewable energy target
Auctions/tenders (utility-scale)
Feed-in tariff/premium (utility-scale)
Support for customer-sited generation (rooftop and self-consumption)
Tax incentives
Renewables mandate/RPS/Supplier Obligation
REC'S - Renewable Energy Certificates
Priority generation dispatch

Power prices and costs

The average electricity price in Peru has decreased from ~$128/MWh in 2023 to ~$118/MWh in 2024. Since 2019, the average electricity price in Peru has fluctuated between ~$118/MWh in 2024 and ~$153/MWh in 2022.

Electricity prices in Peru (2019-2024)

Power market

The top amount of capacity installed in Peru in 2024 was in Hydro at 5.23GW, up from 5.15GW in 2023.

Installed capacity (2019-2024)

Electricity generation (2019-2024)

The technology with the largest share of electricity generated in Peru in 2024 was Hydro at 30.81TWh, up from 27.86TWh in 2023.

Investment in Peru (2019-2024)

Investment in clean energy in Peru was around $399.57M in 2024. This amounts to an increase of around 328% from $93.31M in 2023.

Utility privatisation

Which segments of the power sector are open to private participation?

generation
transmission
retail

Doing business and barriers

Type
Question
Availability
Bilateral power contracts
Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
Currency of Corporate PPAs
Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
Fossil fuel price distortions - Subsidies
Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
Fossil fuel price distortions - Taxes and carbon prices
Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
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