Latin America
With a power score of 0.76, Venezuela ranks number 104 among Emerging Markets and number 20 in the Latin America region
Power score
0.76/5
Score over time
2023 - 2024
Venezuela has a power score of 0.76, which puts it at rank 104 in the Emerging Markets power ranking. In comparison to 2023, Venezuela has improved in the power rankings by 1 place, from rank 105, to rank 104.
At 0.76, the power score of Venezuela is worse than than the regional average of 1.93 in the Latin America region and puts it at rank 20 in the region.
Venezuela implements policies in 1/9 power policy categories tracked by Climatescope, including , and Renewable energy target.
The average electricity price in Venezuela has increased from 77.00 USD/MWh in 2022 to 111.81 USD/MWh in 2023. Since 2017, the average electricity price in Venezuela has fluctuated between 50.18 USD/MWh (2017) and 111.81 USD/MWh (2023).
The top amount of capacity installed in Venezuela in 2023 was in Large Hydro at 51.98%, down from 51.99% in 2022. The technology with the biggest increase in capacity installed in 2023 was Onshore wind at 0.17%, up from 0.15% in 2022.
The top amount of electricity generated in Venezuela in 2023 was in Large Hydro at 64.04%.
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.