With a power score of 1.93, Ecuador ranks number 60 among Emerging markets and number 11 in the Latin America region.
MarketComparison
Select up to 3 markets to compareExplore the fullProfile on BNEF
Ecuador has a power score of 1.93, which puts it at rank 60 in the Emerging Markets power ranking. The power score of Ecuador is lower than the average of 2.07 in the Latin America region.
In the chart above all geographies within the region are arranged by power score from left to right. The circles are sized based on the population.
Ecuador implements policies in 6/8 categories tracked by Climatescope; Renewable energy target, Auctions/tenders (utility-scale), Support for customer-sited generation (rooftop and self-consumption), Tax incentives, REC'S - Renewable Energy Certificates, and Priority generation dispatch
The average electricity price in Ecuador has increased from ~$95/MWh in 2023 to ~$115/MWh in 2024. Since 2019, the average electricity price in Ecuador has fluctuated between ~$95/MWh in 2021 and ~$115/MWh in 2024.
The top amount of capacity installed in Ecuador in 2024 was in Hydro at 5.42GW, up from 5.2GW in 2023.
The technology with the largest share of electricity generated in Ecuador in 2024 was Hydro at 22.62TWh, down from 26.49TWh in 2023.
Investment in clean energy in Ecuador was around $7.19M in 2024.
Which segments of the power sector are open to private participation?
Detailed data on all 220 indicators
Model available to download
Historical data for 15 years
In-depth analysis for 110 markets
This is the 14th edition of Climatescope, BloombergNEF’s annual assessment of energy transition opportunities in emerging markets. It highlights how the energy transition is progressing in these markets and how they are harnessing the transition to boost attractiveness to outside investors.
Download the report