Electricity in Armenia in 2024

In 2024, electricity consumption in Armenia is primarily characterized by a significant reliance on low-carbon energy, which constitutes more than half of the total electricity generation. Specifically, low-carbon sources, including nuclear, hydropower, and solar, account for approximately 60% of the electricity mix. Nuclear energy leads the pack with nearly 30% of the total electricity generation, followed by hydropower, contributing around 20%, and solar power, adding roughly 10%. Meanwhile, fossil fuels, particularly natural gas, are responsible for close to 40% of the electricity consumption, highlighting the country's need to further transition towards more sustainable and cleaner energy solutions to reduce the impacts of climate change and air pollution.

Suggestions

To bolster low-carbon electricity generation, Armenia could focus on expanding its nuclear power capacities, as it already plays a significant role in the energy mix. Partnering with countries that have achieved substantial success in low-carbon energy implementation could offer valuable insights. For instance, Slovakia and Ukraine both generate a significant portion of their electricity from nuclear power, at approximately 62% and 55% respectively, showcasing the potential benefits of enhancing nuclear infrastructure. Drawing from these examples, Armenia could enhance its nuclear energy capacity to further reduce its reliance on fossil fuels. Additionally, Lebanon's success with solar power, contributing over 30% of its electricity, suggests that increased investment in solar technologies could further advance Armenia's low-carbon agenda.

History

The evolution of low-carbon electricity in Armenia reflects several significant shifts, particularly in hydro and nuclear power contributions over the decades. In the early 1990s, hydropower experienced notable fluctuations, with substantial increases initially, followed by declines in subsequent years. The mid-1990s marked a pivotal period for nuclear energy, as the country saw a boost in nuclear electricity generation, despite facing challenges in subsequent years with some declines, notably in 1997 and more critically in 2016 and 2018. The early 2000s marked gradual increases in both hydro and nuclear, yet some inconsistencies persisted into the 2010s. The recent trend towards 2022 highlights a resurgence, with notable increases in both nuclear and hydropower output, underscoring Armenia's ongoing commitment to embracing low-carbon solutions for its energy future.

Electricity Imports and Exports

Balance of Trade

Data Sources