LowCarbonPower logo
Instagram Facebook X (Twitter)

Electricity in Venezuela in 2021

Global Ranking: #44
79.9% #31 Low-carbon electricity
310.58 watts #106 Generation / person
150.69 gCO2eq/kWh #32 Carbon Intensity

In 2021, Venezuela's electricity consumption was predominantly sourced from low-carbon energy sources, with a contribution of around 61.32 TWh, almost entirely derived from hydropower contributing to roughly 61.22 TWh. On the other hand, fossil energy made a significantly lesser impact on the electricity grid with only about 15.4 TWh. Comparatively, per capita electricity consumption falls significantly short of the global average of 410 watts/person. This lower level of electricity generation could hamper industrial development, slow down economic productivity, cause job shortages, and make modern comforts less attainable for the average citizen.

Suggestions

To increase its low-carbon electricity generation, Venezuela could draw insights from successful strategies employed by other nations. For instance, hydropowered Brazil has effectively leveraged its expansive coastline to harness wind energy, generating an impressive 94 TWh. Similarly, the People's Republic of China, despite being an industrial nation, has effectively integrated wind and solar energy into their grid, generating a staggering 941 TWh and 531 TWh respectively. Moreover, Venezuela, known for its vast rivers and high rainfall, could also take a leaf out of France's book on nuclear energy production, as France has successfully generated about 319 TWh from nuclear energy. In these ways, Venezuela has room to diversify its portfolio of low-carbon electricity generation.

History

Historical data clearly demonstrates that low-carbon electricity in Venezuela has been dominated by hydroelectric power. The late 1980s saw an upward trajectory in hydroelectric generation with several increases in subsequent years until a drastic drop of 9.2 TWh in 2010. Following this, there was a trend of fluctuating increases and decreases in the generation of hydroelectric power, with significant declines in 2014 and 2016 by 19.3 TWh and 11.9 TWh respectively. Recently however, there seems to be a resurgence of hydroelectric production in Venezuela, with a promising increase of 11.6 TWh in 2020. This indicates that, despite having faced several challenges in the past, the prospects for low-carbon hydroelectric power in Venezuela look bright.

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 2016 the data source is IEA.
For the year 2017 the data sources are Energy Institute and IEA (imports/exports).
For the years 2018 to 2019 the data sources are Energy Institute and IEA (imports/exports).
For the year 2020 the data source is Energy Institute.
For the year 2021 the data sources are Energy Institute and Ember (imports/exports).
Instagram Facebook X (Twitter)