Africa
With a power score of 1.85, Zambia ranks number 61 among Emerging Markets and number 17 in the Africa region
Power score
1.85/5
Score over time
2021 - 2024
Zambia has a power score of 1.85, which puts it at rank 61 in the Emerging Markets power ranking. In comparison to 2023, Zambia has improved in the power rankings by 23 places, from rank 84, to rank 61.
At 1.85, the power score of Zambia is better than than the regional average of 1.8 in the Africa region and puts it at rank 17 in the region.
Zambia implements policies in 5/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in tariff, Import tax incentives, and VAT incentives.
The average electricity price in Zambia has dropped from 73.79 USD/MWh in 2022 to 69.71 USD/MWh in 2023. Since 2017, the average electricity price in Zambia has fluctuated between 58.36 USD/MWh (2019) and 81.48 USD/MWh (2017).
The top amount of capacity installed in Zambia in 2023 was in Large Hydro at 78.68%, down from 80.67% in 2022. The technology with the biggest increase in capacity installed in 2023 was Utility-scale PV at 4.72%, up from 2.36% in 2022.
The top amount of electricity generated in Zambia in 2023 was in Large Hydro at 85.61%, down from 85.98% in 2022. The technology with the biggest increase in electricity generated in 2023 was Coal at 11.44%, up from 11.16% in 2022.
Investment in clean energy in Zambia was around $37.80 million in 2023, a decrease of 12.5% from 2022 ($43.20 million). Between 2018 and 2023, the highest investment in clean energy was in 2018 at $73.80 million, while the lowest was in 2021 with $20.74 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.