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Rwanda

With a power score of 1.67, Rwanda ranks number 69 among emerging markets and number 96 in the global power ranking.

  • Emerging markets
  • Africa

1.67 / 5

Power score


-39 places

Global power rank change


2021
2022
2023
95
57
96

Overview

Rwanda has a power score of 1.67, which puts it at rank 96 in the global power ranking, and rank 69 in the emerging markets power ranking. In comparison to 2021, Rwanda has deteriorated in the power rankings by -1 places, from rank 95, to rank 96.

At 1.67, the power score of Rwanda is better than the regional average of 1.54 in the Africa region.

Regional power score comparison

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Rwanda

Power

Power policy

Rwanda implements policies in 3/6 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

Renewable energy target
Renewable energy auction
Feed-in Tariff
Net Metering
Import tax incentives
VAT incentives

Power prices and costs

The average electricity price in Rwanda has dropped from 200.97 USD/MWh in 2021 to 196.69 USD/MWh in 2022. Since 2017, the average electricity price in Rwanda has fluctuated between 173.62 USD/MWh (2019) and 208.33 USD/MWh (2020).

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Power market

The top amount of capacity installed in Rwanda in 2022 was in Small Hydro at 43.04%, down from 50% in 2021. The technology with the biggest increase in capacity installed in 2022 was Coal at 18.75%, up from 7.56 in 2021.

Installed capacity (in MW)

201420162018202020220100200300 MW

Electricity generation (in GWh)

2014201620182020202202004006008001K GWh

The largest electricity generating technology in Rwanda in 2022 was Small Hydro, generating some 50.45% of electricity, down from 55.62% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Coal at 12.18%, up from 4.81% in 2021.

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Investment in clean energy in Rwanda was around $350 million in 2017.

Utility privatisation

Which segments of the power sector are open to private participation?

Generation: Yes
Transmission: No
Retail: No

Type

Question

Availability

Wholesale power market

Does the country have a wholesale power market?

No

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?

No

Type

Question

Availability

Bilateral power contracts

Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?

No

Type

Question

Availability

Fossil fuel price distortions - Subsidies

Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?

No

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?

No

Transport

Transport policy

Rwanda implements policies in 5/9 transport policy categories tracked by Climatescope, including Clean transport target, National ICE phase-out, EV purchase grant/loan incentive, EV VAT reduction/exemption, EV import tax reduction/exemption, EV income tax reduction/exemption, EV recurring tax reduction/exemption, EV charging infrastructure target, E-bus target.

Transport policies

Clean transport target
National ICE phase-out
EV purchase grant/loan incentive
EV VAT reduction/exemption
EV import tax reduction/exemption
EV income tax reduction/exemption
EV recurring tax reduction/exemption
EV charging infrastructure target
E-bus target

Type

Question

Availability

Fuel economy standards

Does the country have a fuel economy standard in place?

Yes
Climatescope 2023 print report cover

Power Transition Factbook

This marks the 12th anniversary of Climatescope, BNEF’s annual assessment of energy transition opportunities. In recent years, the project has been expanded to include activity not just in clean power, but also in the decarbonization of transportation and buildings.

Download report

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