What is the energy policy in Argentina?

Argentina implements policies in 6/9 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, VAT incentives, Priority grid access, Renewables mandate, and Renewable Energy Certificates. The average electricity price in Argentina has dropped from 100.02 USD/MWh in 2022 to 93.46 USD/MWh in 2023.

Can a large user buy electricity from a renewable generator in Argentina?

In Argentina, for a large user, is generally less expensive to purchase electricity directly from a renewable generator than to purchase it from the grid administrator CAMMESA. Furthermore, large users are, as a rule, barred from purchasing electricity directly from a thermal generator.

Is hydropower a source of carbon-free energy in Argentina?

Hydropower is an important source of carbon-free energy in Argentina, making up about 16.5% of the country's electricity generation in 2022. As of 2023, Argentina had 33 hydropower plants, with a total capacity of 9,254 MW.

How much energy does Argentina consume in 2022?

Argentina's total energy consumption was 3.45 quads in 2022, lower than the 3.57 quads consumed in 2012 (Figure 1). The reduction in energy consumption was curbed by a 0.5% annual decline in the country's gross domestic product per capita, adjusted for inflation, between 2012 and 2022 (Figure 2).

Is solar power a viable option in Argentina?

Argentina has abundant solar resources, particularly in the northwest region, making solar power a viable option for electricity generation. Utility-scale solar projects and distributed solar installations are gaining momentum, contributing to the country’s renewable energy goals.

How has energy production changed in Argentina?

Following a 20% cumulative decline between 2004 and 2014 in energy production, Argentina’s energy production began to increase in 2015. From 2015 to 2022, energy production grew by an annual average of 2%—primarily driven by natural gas, which contributed 62% to this growth.