Latin America Electric Power Sector Report 2023-2024

According to the July 2023 Electricity Market Report by the International Energy Agency (IEA), electric power consumption increased by 2.3% y/y across the world during 2022, slightly below the annual average of 2.4% observed during the pre-pandemic era of 2015-2019. This occurred as rising inflation impaired economic growth, especially that of advanced economies. However, the electric power sector continues to benefit from the electrification trend of the transport and heating sectors. In terms of generation, the rapid surge in hydrocarbons prices in international markets favoured the development of renewable power sources, as it increased the costs of thermal power generators. As a result, renewable power generation increased by 5.7% y/y in 2022, mainly driven by Asian and American countries. According to the IEA's estimates, renewable power sources are expected to increase their share of total power generation from 29% in 2022 to 35% in 2025, mainly at the expense of more polluting thermal plants, such as coal-fuelled.

This report provides a complete and detailed analysis of the "Energy and utilities" sector for South America. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Energy and utilities" sector in South America
• Crystallise the forces both driving and restraining this sector in South America
• Ascertain South America’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in South America.
• Build a clear picture of trends, output and consumption for specific sub-sectors