Electricity in Guyana in 2022

As of 2022, Guyana's electricity consumption is heavily reliant on fossil fuels, which account for almost all of the electricity generated in the country, totaling over 98%. Low-carbon energy sources, such as solar and biofuels, make up a very small fraction of the energy mix, contributing only about 1.75% to the total electricity generation. This imbalance highlights a significant reliance on fossil fuels, which are known contributors to climate change and air pollution. The urgent need to diversify the energy mix is therefore evident, especially with the growing global emphasis on sustainable and cleaner energy solutions.

Suggestions

To increase low-carbon electricity generation, Guyana could learn from countries that have successfully integrated sustainable energy sources. Uruguay, for example, generates over a third of its electricity from wind energy, showcasing how a small nation can leverage its natural resources for sustainable development. Similarly, countries like Denmark, with wind power accounting for nearly 60% of its electricity, and Chile, achieving over 20% from solar, demonstrate the potential for harnessing wind and solar in regions with favorable climates. By investing in technologies that suit its geographic and climatic conditions, Guyana can reduce its reliance on fossil fuels, enhance energy security, and contribute positively to global environmental goals.

History

Historically, Guyana has shown limited progress in adopting low-carbon electricity. For nearly two decades, from the year 2000 up to 2015, biofuels did not contribute any significant change to the nation's electricity generation. Similarly, between 2017 and 2020, solar energy saw no increase in electricity output. This lack of development in clean energy can be seen as an area for substantial growth, suggesting that with strategic investments and policy measures, Guyana can significantly enhance its low-carbon energy share. The past stagnancy serves as a call to action for more dynamic engagement in adopting green technologies and policies in the coming years.

Electricity Imports and Exports

Balance of Trade

Data Sources