How does Ecuador get its energy?

Ecuador derives the vast majority of its energy supply from oil, particularly in the transport and industrial sectors. Hydro power is also a key energy source, accounting for more than 62% of installed electrical capacity and nearly 78% of electricity generation in 2020, with fossil fuels providing most of the remainder.

How much energy does Ecuador use per year?

of electric energy per year. Per capita this is an average of 1,481 kWh. Ecuador could be self-sufficient with domestically produced energy. The total production of all electric energy producing facilities is 32 bn kWh, which is 123 percent of the country's own usage. Despite this, Ecuador trades energy with foreign countries.

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.

What are the main energy sources in Ecuador?

Hydro power is also a key energy source, accounting for more than 62% of installed electrical capacity and nearly 78% of electricity generation in 2020, with fossil fuels providing most of the remainder. Other renewables such as biomass, wind and solar play much smaller roles in Ecuador's electrical mix.

Is there a potential for electricity generation in Ecuador?

Based on what has been described, it is identified that there is a high potential for electricity generation in Ecuador, especially the types of projects and specific places to start them up by the central state and radicalize the energy transition.

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.