Electricity in Bolivia in 2023

In Bolivia, during 2023, electricity consumption per person remains modest compared to the global average of 410 watts/person. Fossil energy, primarily from gas, accounts for the larger share of Bolivia's electricity generation, with a total of 7.99 TWh. Low-carbon forms of energy, represented by hydropower and a small amount of biofuels, only amounted to 3.29 TWh. This imbalance between fossil and low-carbon energy usage means that Bolivia's electrical energy production is contributing more carbon emissions per unit of energy delivered than is typical worldwide. Bolstering low-carbon electricity generation and reducing reliance on fossil bleeds can produce both environmental and economic benefits, from a reduction in emissions and pollution to stimulating green jobs and industries.

Suggestions

Bolivia could learn from other nations on how to amplify its low-carbon electricity generation. Brazil, for example, has made impressive strides in utilizing wind energy, generating over 94 TWh from this source alone. This could be particularly informative for Bolivia, given the two countries' comparable geographical and climatic conditions. It would be worthwhile for Bolivia to investigate wind smart grid technologies, and regulatory frameworks that incentivise wind power development, as seen in Brazil. Additionally, the massive outputs from solar and nuclear energy in countries like China, United States, and France suggest further untapped opportunities for Bolivia. Specifically, Bolivia could explore partnerships, training, and investments in these fields to scale-up its low-carbon electricity production.

History

On the historical front, Bolivia's journey with low-carbon electricity has been marked by gradual and somewhat sporadic advances in hydropower. In the early 2000s, there was slight fluctuation in hydropower, with incremental increases and decreases ranging from -0.2 to 0.2 TWh. The latter half of the 2010s saw a moderate increase in hydropower generation, specifically between 2017 and 2019, with gains realized up to 0.6 TWh. The introduction of biofuels into the country's energy mix in 2019 also added another 0.3 TWh. Unfortunately, 2023 witnessed a fall in both hydropower and biofuels generation, falling by 0.6 TWh and 0.4 TWh respectively, which signifies the need for more consistent and extensive efforts in the years ahead.

Electricity Imports and Exports

Balance of Trade

Data Sources