Electricity in Ecuador in 2024

In 2024, Ecuador's electricity consumption predominantly comes from low-carbon sources, making up more than 70% of the total generation. Hydropower is the main contributor, accounting for nearly 69% of electricity production, illustrating the country's strong reliance on this clean energy source. However, fossil fuels still play a significant role, providing about 28% of the electricity, with gas contributing 3.03%. Biofuels, while being a part of the low-carbon category, account for a small fraction of the mix. This composition shows Ecuador's commitment to low-carbon electricity while highlighting the need to reduce the reliance on fossil fuels due to their environmental impact and contribution to climate change.

Suggestions

To further increase its low-carbon electricity generation, Ecuador can take inspiration from countries with successful clean energy initiatives. Uruguay's achievement of generating more than a quarter of its electricity from wind power shows the potential for expansion in national wind energy production. For solar energy, emulating Chile's success in reaching 22% solar output can be a promising direction. Additionally, considering nuclear energy development, which has significantly contributed to the low-carbon electricity mix in countries like France, where it comprises 68% of the electricity, can be beneficial. Increasing investments and infrastructure in low-carbon energy sources like wind, solar, and potentially nuclear, would help Ecuador transition further towards a sustainable energy future.

History

Historically, Ecuador has seen significant growth in hydropower since the 1980s, with several notable increases in electricity generation. The most considerable advancements occurred in the early 1980s and the late 2000s, with substantial increases in hydropower output. For instance, between 2007 and 2008, hydropower generation increased by more than two TWh annually, and another boost was recorded in the mid-2010s. However, the country has also experienced fluctuations, including decreases in some years, such as a nearly 3 TWh drop in 2024. Despite these variations in productivity, Ecuador's historical investments in hydropower have laid a solid foundation for its low-carbon electricity generation, which must now be complemented with expansions in other low-carbon technologies to ensure consistent and sustainable energy growth.

Electricity Imports and Exports

Balance of Trade

Data Sources