Venezuela's electricity consumption in 2023 paints a picture of a nation heavily reliant on low-carbon energy sources, with more than three-quarters of its electricity generated from these clean sources. Hydropower is the dominant contributor to this green energy production, almost singularly driving this impressive figure at 78%. However, nearly a quarter of Venezuela's electricity is still generated from fossil fuels, primarily gas, which contributes about 15% to the overall mix. The country's predominant use of hydroelectric power sets a strong foundation for clean electricity; however, the reliance on fossil fuels remains a critical area that needs addressing to work towards a greener future.
Data sources used on this page include EIA, Ember and IEA. More about data sources →
Is Electricity Growing in Venezuela?
Electricity consumption in Venezuela, unfortunately, has undergone a significant decline from its peak in 2008, reflecting broader economic challenges and inefficiencies within its energy sector. The per capita electricity consumption stands at 2931 kWh in 2023, marking a stark decrease from the 2008 high of 4252 kWh. Low-carbon electricity generation has also seen reductions, with the current level at 2297 kWh per person, down from the 3096 kWh high in 2008. Such declines suggest not only a reduced overall energy capability but also highlight the need for reinvigorating the energy sector to meet both current demands and future development goals.
Suggestions
To revitalize and boost low-carbon electricity generation, Venezuela can take inspiration from successful energy transitions worldwide, particularly in enhancing solar and nuclear energy production. Countries like France and Slovakia demonstrate the potential of nuclear energy, generating upwards of 67% of their electricity from nuclear power, illustrating a path for energy security and low-carbon generation. Additionally, regions like Lebanon, with solar energy contributing over 30%, and Chile, integrating solar energy into nearly a quarter of their electricity, showcase the possibilities for solar advancements. By embracing both solar and nuclear advancements, Venezuela can enhance its energy grid's sustainability, reliability, and efficiency, moving away from the environmental drawbacks of fossil fuels.
History
Historically, Venezuela has seen fluctuations in its low-carbon electricity generation largely due to its reliance on hydropower. The years between the mid-1980s and the early 1990s saw incremental growth in hydroelectric output nearly every year, reflecting steady investments and development in this sector. Notably, there was a significant rise in the early 2000s, marked by substantial increases from 2004 to 2006. However, setbacks have also plagued the sector occasionally, with notable declines in 2010, 2014, and 2016, suggesting vulnerabilities to factors like water levels or infrastructure challenges. Despite these fluctuations, the recent rise in 2020 presents an opportunity to rebuild momentum in this crucial sector of clean electricity.
