Electricity in Peru in 2023

In 2023, Peru's electricity consumption sits at a mixture of low-carbon and fossil energy sources. Notably, low-carbon energy generated was 33.1 TWh, primarily from hydropower which accounted for almost 87% of this total with 28.69 TWh. On the other hand, fossil energy usage was close to low-carbon production at 28.06 TWh in which gas represents the substantial contribution of 26.98 TWh. Other clean energy sources consisted of wind, with a modest 2.34 TWh, and biofuels with half of the wind's share at 1.1 TWh. However, this total electricity per capita is still far below global average of 410 watts per person, which could constrain economic development and quality of living standards.

Suggestions

In a bid to increase low-carbon electricity generation, Peru could emulate the strategies of countries that have been successful in this area. Notably, Brazil, similar in geographical and regional perspective to Peru, has advanced in wind generation with 94 TWh. Additionally, Canada and the US have harnessed nuclear power effectively with productions of 85 TWh and 775 TWh respectively. While not identical to Peru's situation, these examples provide invaluable lessons in diversifying low-carbon energy strategies. Peru might also seek to take advantage of its abundant sunshine, as countries like China and India have demonstrated with their solar outputs of 523 TWh and 120 TWh respectively.

History

The history of low-carbon electricity in Peru has mainly been marked by the gradual increase of hydro-generated electricity. Beginning in the 1980s with a marginal increase of 1 TWh in 1981, the following years saw relatively modest yearly changes generally oscillating around 1 TWh. However, the growth was consistent and uninterrupted despite occasional declines like the one that occurred in 1992 and 2004. Over time, consistent efforts led to more significant increases such as the 4.8 TWh jump in 2017. While the 2020s saw some fluctuations, overall, the expansion of hydropower in Peru demonstrated a generally consistent advancement towards a cleaner, low-carbon electricity system.

Electricity Imports and Exports

Balance of Trade

Data Sources