The economics of household energy storage in Venezuela

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4 FAQs about The economics of household energy storage in Venezuela

What are the main issues facing Venezuela?

The energy imbalance in Venezuela and the effects on the population. Lack of energy policy programs to introduce renewable energies. Recommendations to implement renewable energy projects. Need for an energy transition towards sustainability.

What is the electricity supply in Venezuela?

Table 1. Electricity supply in Venezuela (MW). Source: Authors’ adaptation from , . Considering that in 2016 the Venezuelan total electricity demand was around 18,300 MW there is a significant deficit of 1800 MW , .

Are wind and solar projects competitive in Venezuela?

In general, experts warn that the existing Venezuelan regulatory framework makes wind and solar projects not competitive and this creates additional risks for the development of such energy potential , , . The severity of all such factors evidence the difficulties to develop a sustainable energy sector in Venezuela , .

Does Venezuela need an energy transition?

It is unmistakable that Venezuela needs an energy transition to reach the goals of sustainability and poverty reduction. Based on the current national reality, the recommendations to improve the Venezuelan energy sector will be presented from two different perspectives.