Peru
With a power score of 2.12, Peru ranks number 14 among emerging markets and number 36 in the global power ranking.
- Emerging markets
- Latin America
2.12 / 5
Power score
-2 places
Global power rank change
Overview
Peru has a power score of 2.12, which puts it at rank 36 in the global power ranking, and rank 14 in the emerging markets power ranking. In comparison to 2021, Peru has improved in the power rankings by 16 places, from rank 52, to rank 36.
At 2.12, the power score of Peru is better than the regional average of 1.81 in the Latin America region.
Regional power score comparison
Power
Power policy
Peru implements policies in 2/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.
Power policies
Power prices and costs
The average electricity price in Peru has increased from 120.27 USD/MWh in 2021 to 152.69 USD/MWh in 2022. Since 2017, the average electricity price in Peru has fluctuated between 113.45 USD/MWh (2017) and 152.69 USD/MWh (2022).
Power market
The top amount of capacity installed in Peru in 2022 was in Large Hydro at 34.73%, up from 33.57% in 2021.
Installed capacity (in MW)
Electricity generation (in GWh)
The largest electricity generating technology in Peru in 2022 was Large Hydro, generating some 43.89% of electricity, down from 48.78% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Natural Gas at 42.27%, up from 37.62% in 2021.
Investment in clean energy in Peru was around $279.3 million in 2022, a decrease of 47.05% from 2021 ($527.49 million). Between 2017 and 2022, the highest investment in clean energy was in 2021 at $527.49 million, while the lowest was in 2019 with $51.8 million.
Utility privatisation
Which segments of the power sector are open to private participation?
Type
Question
Availability
Wholesale power market
Does the country have a wholesale power market?
Doing business and barriers
Type
Question
Availability
Currency of PPAs
Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
Type
Question
Availability
Bilateral power contracts
Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
Type
Question
Availability
Fossil fuel price distortions - Subsidies
Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
Type
Question
Availability
Fossil fuel price distortions - Taxes and carbon prices
Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
Transport
Transport policy
Peru does not implement any policies in any of the transport policy categories tracked by Climatescope.
Transport policies
Type
Question
Availability
Fuel economy standards
Does the country have a fuel economy standard in place?
