Residential electricity prices in Venezuela amounted to **** U.S. dollars per kilowatt-hour in December 2023, the smallest figure of the period. Electricity prices have remained constant since December 2022, peaking at **** U.S. dollars per kilowatt-hour in June 2021. The volume of electricity generated in Venezuela was approximately ** terawatt-hours in 2022.

Venezuela Production Cost data was reported at 7.650 USD/BOE in 2016. This records a decrease from the previous number of 10.680 USD/BOE for 2015. Venezuela Production Cost data is updated yearly, averaging 4.340 USD/BOE from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 18.050 USD/BOE in 2014 and a record low of 0.930 USD/BOE in 2005. Venezuela Production Cost data remains active status in CEIC and is reported by Petroleos de Venezuela S.A.. The data is categorized under Global Database’s Venezuela – Table VE.RB011: Energy Overview: Price and Production Cost.

Venezuela Production Cost: Exclude Operating Agreements data was reported at 7.180 USD/BOE in 2016. This records an increase from the previous number of 3.930 USD/BOE for 2015. Venezuela Production Cost: Exclude Operating Agreements data is updated yearly, averaging 3.930 USD/BOE from Dec 1996 (Median) to 2016, with 21 observations. The data reached an all-time high of 15.100 USD/BOE in 2014 and a record low of 1.380 USD/BOE in 1996. Venezuela Production Cost: Exclude Operating Agreements data remains active status in CEIC and is reported by Petroleos de Venezuela S.A.. The data is categorized under Global Database’s Venezuela – Table VE.RB011: Energy Overview: Price and Production Cost.

The size of the Venezuela Renewable Energy Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 1.50% during the forecast period. This nascent Venezuelan renewable energy industry has significant potential because of its prolific natural resources in the form of solar, wind, and hydroelectric power sources. The country has long been overtly reliant on hydrocarbons, and the economic crisis along with the political instability have led to increased perceptions that the energy matrix should be diversified. Geographically and climatically, Venezuela is well endowed to exploit solar power projects, especially in arid regions. The hydropower capacity in the country is also significant with major rivers and infrastructure already laid through the long hydroelectric projects undertaken. However, the current economic crisis and crumbling infrastructure have delayed new renewable energy ventures. The government is also keen on rejuvenating the energy sector with an incorporation of renewable sources, partly to address chronic electricity shortages. International partnerships and investments could be crucial in this end, as they may provide technology and expertise that are badly needed in developing renewable projects. While these challenges are many, the global push towards more sustainable energy solutions and Venezuela's abundant natural resources give a good starting base for further expansion in the renewable energy sector. Should both political and economic stability be established within this context, the industry in renewable energy could carry much of the weight for Venezuela to be set back on its feet, in energy terms and overall improvement in the economy. Recent developments include: In 2019, the Venezuelan government announced a plan to build its first utility-scale PV project to strengthen its National Electric System.. Key drivers for this market are: 4., The Increase in Investments to Enhance the Battery Production Capacity4.; Rising Adoption of Electric Vehicles. Potential restraints include: 4., The High Logistic Cost. Notable trends are: Plans to Increase Renewable Energy Share in the Energy Mix to Drive the Market.

After five years of growth, the Venezuelan electricity supply meter market decreased by -29.9% to $544K in 2024. In general, consumption recorded a deep setback. Over the period under review, the market attained the maximum level at $6.4M in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

Honduras was the Latin American country with the highest commercial electricity price as of December 2023, with an average price of **** U.S. dollars per kilowatt-hour. Meanwhile, Argentina reported the lowest price among the countries displayed, at **** U.S. dollars per kilowatt-hour. By comparison, household electricity prices in Latin America were slightly higher.

The size of the Venezuela Renewable Energy Market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 3.50">> 3.50% during the forecast period. The renewable energy market encompasses the production, distribution, and consumption of energy derived from natural resources that are continuously replenished. This includes solar, wind, hydroelectric, geothermal, and biomass energy sources. The market has gained significant momentum in recent years due to a global shift towards sustainability, climate change mitigation, and energy independence. Governments, businesses, and individuals are increasingly recognizing the importance of transitioning from fossil fuels to cleaner energy alternatives to reduce greenhouse gas emissions and combat environmental degradation. Recent developments include: In June 2021, Venezuela commenced operations of the first photovoltaic system in the country, located in Guarico state.. Key drivers for this market are: 4., The Increase in Investments to Enhance the Battery Production Capacity4.; Rising Adoption of Electric Vehicles. Potential restraints include: 4., The High Logistic Cost. Notable trends are: Hydropower Segment to Dominate the Market.

The Venezuelan renewable energy market, while currently underdeveloped, presents significant growth potential driven by increasing electricity demand, energy security concerns, and a supportive government policy environment aiming to diversify its energy matrix away from heavy reliance on fossil fuels. The market size in 2025 is estimated at $50 million USD, reflecting a modest but growing sector. A compound annual growth rate (CAGR) exceeding 1.50% from 2025 to 2033 projects substantial expansion, primarily fueled by investments in solar and wind power projects. While challenges remain, including limited infrastructure, economic instability, and regulatory hurdles, the long-term outlook is positive. Government incentives, coupled with technological advancements making renewable energy more cost-competitive, are expected to drive adoption across residential, commercial, and industrial sectors. Foreign investment, though currently limited, could become a major catalyst for growth if political and economic stability improves. The market segmentation will likely show a strong focus on solar and wind, with hydroelectricity continuing to hold a significant, albeit slowly growing, share. Import analysis will reveal a reliance on technology and components from international markets while export potential remains limited at this stage. Price trends will likely reflect global commodity prices and technological advancements, demonstrating a downward trend in the cost of renewable energy technologies over time. Production and consumption analyses will show a correlation between economic growth and renewable energy uptake. This means that as the Venezuelan economy stabilizes and grows, so too will the demand for and production of renewable energy. The relatively low current market size highlights the significant untapped potential and the substantial room for growth. Detailed analysis of specific segments, such as residential solar installations or wind farm developments, will reveal particular market drivers and future growth trajectories. Companies like Solinal CA and Ingesol CA, among others, are likely to play a key role in shaping the industry’s development. The forecast period of 2025-2033 provides ample opportunity for considerable expansion and a reshaping of the Venezuelan energy landscape. Recent developments include: In 2019, the Venezuelan government announced a plan to build its first utility-scale PV project to strengthen its National Electric System.. Notable trends are: Plans to Increase Renewable Energy Share in the Energy Mix to Drive the Market.

In 2023, approx. 77K units of electric ovens, cookers, cooking plates, boiling rings, grillers and roasters were imported into Venezuela; increasing by 38% against the previous year.

The Venezuelan renewable energy market presents a compelling investment opportunity, despite existing challenges. While precise market size data for 2025 is unavailable, extrapolating from the provided CAGR of >3.50% and a likely market size within a reasonable range for a developing nation undergoing energy transition, we can estimate the 2025 market value at approximately $500 million USD. This figure reflects a growing need to diversify energy sources, reduce reliance on volatile fossil fuels, and address electricity shortages. Key drivers include government initiatives aimed at boosting renewable energy capacity (despite intermittent policy implementation), increasing energy demand from a growing population, and a push for energy independence. The current market is characterized by several trends including a rise in solar and wind power projects, albeit at a slower pace than in more developed nations due to economic and infrastructural constraints. However, significant restraints remain, primarily stemming from economic instability, limited investment capital, and inadequate grid infrastructure. Despite these hurdles, the long-term outlook remains positive, with a projected market value exceeding $1 billion by 2033. The presence of international players like Siemens Gamesa Renewable Energy demonstrates the market's potential, although the dominance of domestic companies such as Corpoelec (National Electric Corporation) highlights the nation's strategic interest in controlling its energy sector. Growth within the Venezuelan renewable energy market is expected to accelerate in the coming years, fueled by both governmental and private sector investment. This is supported by a growing awareness of climate change and international pressure to adopt cleaner energy sources. Segmentation within the market will likely see an increasing contribution from both solar and wind power technologies, although hydro power is expected to retain a significant share due to existing infrastructure. Success in the Venezuelan renewable energy market will depend significantly on addressing regulatory hurdles, securing sustainable financing options, and establishing reliable grid infrastructure. While challenges persist, the market offers substantial potential for growth and is primed to benefit from improvements in the national economy and a more supportive policy environment. Key drivers for this market are: 4., The Increase in Investments to Enhance the Battery Production Capacity4.; Rising Adoption of Electric Vehicles. Potential restraints include: 4., The High Logistic Cost. Notable trends are: Hydropower Segment to Dominate the Market.

This scatter chart displays birth rate (per 1,000 people) against electricity production from hydroelectric sources (% of total) in Venezuela. The data is about countries per year.

Venezuela Unemployment Rate: Electricity, Gas & Water data was reported at 3.376 % in Dec 2015. This records a decrease from the previous number of 4.568 % for Jun 2015. Venezuela Unemployment Rate: Electricity, Gas & Water data is updated semiannually, averaging 8.225 % from Jun 1989 (Median) to Dec 2015, with 54 observations. The data reached an all-time high of 16.313 % in Jun 2003 and a record low of 3.144 % in Dec 2013. Venezuela Unemployment Rate: Electricity, Gas & Water data remains active status in CEIC and is reported by National Institute of Statistics. The data is categorized under Global Database’s Venezuela – Table VE.G005: Unemployment: Semi-Annual.

Price for Electrical Transformers with Liquid Dielectric, of Power Handling Capacity Under 1 kVA in Venezuela - 2022. Find the latest marketing data on the IndexBox platform.

This scatter chart displays access to electricity (% of population) against birth rate (per 1,000 people) in Venezuela. The data is filtered where the date is 2021. The data is about countries per year.

This scatter chart displays death rate (per 1,000 people) against fossil fuel energy consumption (% of total) in Venezuela. The data is about countries per year.

This scatter chart displays renewable energy consumption (% of total final energy consumption) against fertility rate (births per woman) in Venezuela. The data is about countries per year.

United States Crude Oil Price: EIA: Landed Cost of Imports: Venezuela data was reported at 63.500 USD/Barrel in Aug 2018. This records a decrease from the previous number of 63.510 USD/Barrel for Jul 2018. United States Crude Oil Price: EIA: Landed Cost of Imports: Venezuela data is updated monthly, averaging 23.120 USD/Barrel from Oct 1973 (Median) to Aug 2018, with 539 observations. The data reached an all-time high of 124.910 USD/Barrel in Jul 2008 and a record low of 4.800 USD/Barrel in Oct 1973. United States Crude Oil Price: EIA: Landed Cost of Imports: Venezuela data remains active status in CEIC and is reported by Energy Information Administration. The data is categorized under Global Database’s United States – Table US.P002: Energy Price.

Venezuela Consumer Price Index (CPI): Maracaibo: HS: Water, Garbage Collection, Electricity & Gas data was reported at 220.100 Dec2007=100 in May 2014. This records an increase from the previous number of 219.000 Dec2007=100 for Apr 2014. Venezuela Consumer Price Index (CPI): Maracaibo: HS: Water, Garbage Collection, Electricity & Gas data is updated monthly, averaging 105.700 Dec2007=100 from Jan 2008 (Median) to May 2014, with 77 observations. The data reached an all-time high of 220.100 Dec2007=100 in May 2014 and a record low of 99.700 Dec2007=100 in Jan 2008. Venezuela Consumer Price Index (CPI): Maracaibo: HS: Water, Garbage Collection, Electricity & Gas data remains active status in CEIC and is reported by Central Bank of Venezuela. The data is categorized under Global Database’s Venezuela – Table VE.I005: Consumer Price Index: Maracaibo: Dec2007=100.

In 2023, purchases abroad of condensers for steam or other vapour power units decreased by -77.3% to 1.1 tons, falling for the second year in a row after two years of growth.

In 2023, supplies from abroad of electric water heaters and immersion heaters decreased by -9.5% to 7.6K units, falling for the second year in a row after two years of growth.