How much is the price of outdoor power supply in Ecuador

Ecuador, June 2022: The price of electricity is 0.096 U.S. Dollar per kWh for households and 0.085 U.S. Dollar for businesses which includes all components of the electricity bill such as the cost of power, distribution and taxes.

In this research, an analysis of the electricity market in Ecuador is carried out, a portfolio of projects by source is presented, which are structured in maps with a view to an energy transition according to the official data provided.

In Ecuador, the power sector is divided between achieving energy independence and providing renewable electricity. Ecuador has always been home to a strong conservation movement driven by the indigenous peoples, which has always pushed to reduce dependence on petroleum and increase renewable energy production.

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.

Electricity can be generated in two main ways: by harnessing the heat from burning fuels or nuclear reactions in the form of steam (thermal power) or by capturing the energy of natural forces such as the sun, wind or moving water.

Despite remaining a large producer of oil in relation to the size of the country, the largest source of electricity in Ecuador is currently hydroelectric power. In 2009, the country suffered from a nationwide power crisis due to droughts, which significantly reduced the amount of electricity that was produced by hydropower.