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Electricity in Venezuela in 2022

Global Ranking: #46
77.7% #30 Low-carbon electricity
342.71 watts #102 Generation / person
138.88 gCO2eq/kWh #28 Carbon Intensity

As of 2022, electricity consumption in Venezuela predominantly relies on low-carbon sources. Low-carbon electricity, primarily generated from hydropower, accounts for more than three-quarters of the country's total electricity generation, with hydropower contributing almost all of this at nearly 66 TWh. In contrast, fossil fuels make up the remaining portion, with gas being the significant contributor at over 13 TWh. When comparing this to the global average electricity consumption of 425 watts per person, Venezuela's per capita electricity generation is relatively lower. This low level of electricity generation can lead to limited economic growth, energy shortages, and reduced quality of life for its residents.

Suggestions

Venezuela can look to successful strategies implemented by other countries to expand its low-carbon electricity generation. For instance, Brazil has effectively harnessed wind energy, generating around 96 TWh, indicating that investment in wind power could be highly beneficial for Venezuela. Additionally, China and the United States have made significant advancements in both solar and nuclear energy, generating multiple hundreds of TWh from these sources. Venezuela could learn from these examples and consider diversifying its low-carbon energy sources by incorporating nuclear and solar power, which have proven to be robust and sustainable solutions throughout the world.

History

In the history of Venezuela’s low-carbon electricity generation, hydropower has seen significant fluctuations. During the late 1980s and early 1990s, hydropower generation increased notably, with peaks such as a 7.6 TWh increase in 1991. The early 2000s saw another significant rise, particularly a 9.5 TWh boost in 2004 followed by a 7.2 TWh increase in 2005. However, there have been periods of decline, notably in 2010 with a decrease of 9.2 TWh and further reductions in the mid-2010s, including a drop of 11.9 TWh in 2016. Recent years have shown recovery, with a significant increase of 12.9 TWh in 2020. Consistent and strategic investments in diverse low-carbon sources could stabilize and enhance Venezuela's electricity generation, ensuring reliability and sustainability for future growth.

Electricity Imports and Exports

Balance of Trade

Data Sources

For the years 1980 to 1984 the data source is EIA.
For the years 1985 to 1989 the data source is Energy Institute.
For the years 1990 to 1999 the data source is IEA.
For the years 2000 to 2009 the data source is Ember.
For the years 2010 to 2013 the data source is IEA.
For the year 2014 the data sources are Energy Institute and IEA (imports/exports).
For the years 2015 to 2022 the data source is Ember.
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