How much does Ecuador s household energy storage power supply cost

How has Ecuador's energy consumption changed over the years?

Ecuador’s energy production increased by a compounded growth rate of 0.5% per year from 2011 to 2021, and renewables accounted for most of the increase. The country's energy consumption also increased by a compounded growth rate of 0.5% per year over the same period, down from 4.9% per year the decade prior.

How much electricity does Ecuador use per capita?

Per capita energy consumption is around 0.83 toe, a level 35% below the South American average (2021). Per capita electricity consumption is approximately 1 500 kWh. In its Electricity Master Plan 2018-2027, Ecuador estimated that its power capacity should increase by 4 GW by 2027 to face a 7%/year increase in electricity demand.

How is energy used in Ecuador?

Total energy supply (TES) includes all the energy produced in or imported to a country, minus that which is exported or stored. It represents all the energy required to supply end users in the country.

How much does electricity cost in Guayaquil?

It is produced from the Amistad field in the Golf of Guayaquil. The prices of electricity are US$10.4c/kWh for households and US$7.8 for industrial customers (2022). These prices have remained roughly stable since 2020. They are much lower than in neighbouring countries (around 45% cheaper than in Colombia).

Does Ecuador import electricity from Peru?

Ecuador has electricity transmission grid interconnections with Peru and Colombia. Historically, Ecuador imported electricity mainly from Peru to supplement its domestic supply. Electricity imports have declined since 2017 after the introduction of hydroelectric plants in Ecuador.

Does Ecuador have a natural gas market?

Ecuador's natural gas market is less developed than its oil sector; it has a 0.9% share of total energy production and 1.7% share of energy consumption (Figure 1). Natural gas in Ecuador is mostly used by the industry sector1.