In 2023, the landscape of electricity consumption in Venezuela is heavily dominated by low-carbon and hydropower energy sources. A striking majority, close to four-fifths of the electricity consumed, comes from low-carbon sources, almost exclusively hydropower, which makes up more than 78% of the total. Meanwhile, fossil fuels contribute to just over a fifth of electricity consumption, with gas being the most significant at about 15%. This notable reliance on hydropower highlights Venezuela's commitment to clean and sustainable energy, but it also underscores the need for diversification within the low-carbon portfolio to ensure resilience and energy security.
Data sources used on this page include EIA, Ember and IEA. More about data sources →
Is Electricity Growing in Venezuela?
Despite this strong orientation towards low-carbon energy sources, Venezuela's electricity consumption has seen a significant decline over the years. In 2023, the total electricity consumption per person stands at 2931 kWh, a noticeable decrease from the previous high of 4252 kWh/person in 2008. This marks a drop of around 1320 kWh/person. A similar decline is observed in low-carbon electricity generation, which has fallen from 3096 kWh/person to 2297 kWh/person, a decrease of roughly 800 kWh/person. The reduction in electricity consumption and generation is concerning, especially in light of global electrification trends and increased demands from economic activities.
Suggestions
To bolster its low-carbon electricity generation, Venezuela could take cues from various regions and countries that successfully harness solar and nuclear energy. France and Slovakia, with a remarkable reliance on nuclear energy at 70% and 66%, illustrate the potential of nuclear power in ensuring consistent and substantial clean energy outputs. Similarly, the integration of solar power, as observed in regions like California and Chile, highlights its viability and efficacy, with solar accounting for 29% and 24% of electricity generation respectively. By embracing a mixture of both solar and nuclear energy, Venezuela can diversify its energy sources, reduce reliance on fossil fuels, and strengthen its clean energy sector to meet future demands.
History
Historically, Venezuela's commitment to low-carbon electricity, particularly hydropower, has seen fluctuations. The late 1980s and early 2000s marked periods of significant hydropower expansion with increases in generation, notably in 1987, 1991, and the mid-2000s. However, these gains were intermittently challenged by declines, particularly in 2010 and 2014, illustrating vulnerabilities in exclusive reliance on hydropower. In recent years, some recovery is observed as of 2020 with significant gains in hydropower generation. The history underscores the critical need for diversifying beyond hydropower to ensure a more resilient and sustainable low-carbon electricity framework.
