5th
largest coal exporter in the world
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This analysis includes a comprehensive Colombia energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
5th
largest coal exporter in the world
+4 GW
of hydro capacity since 2010
22.5%
reduction in GHG emissions by 2050 compared to BAU
Abstract
Institutions & Energy Policy
The energy sector is under the responsibility of the Ministry of Mines and Energy (MME). UPME (Mining and Energy Planning Unit) is a special administrative unit of MME in charge of coordinating the planning of the sector.
Energy Supply
Resources:
Colombia owns large energy resources. Proven oil reserves amount to 241 Mt and gas reserves to 89 bcm (end of 2020). At 4.5 Gt, the country's coal reserves are also very large. The economic hydroelectric potential is estimated at 140 TWh/year. The country's wind energy potential is high (over 14 GW, according to World Bank, especially on its north coast).
Energy Prices
Electricity:
The prices of electricity vary according to the regions. In 2019, they reached US$15c/kWh for the industrial sector and US$15.7c/kWh for households. Prices have followed inflation in recent years.
Graph: ELECTRICITY PRICES FOR INDUSTRY AND HOUSEHOLDS (US$c/kWh)
Energy Consumption
Per capita consumption is around 0.8 toe and 1 400 kWh of electricity (2020).
Total energy consumption dropped in 2020 by 6% to 39 Mtoe. Previously it had fluctuated around 39-41 Mtoe between 2015 and 2019.
Graph: CONSUMPTION TRENDS BY ENERGY SOURCE (Mtoe)
Issues & Prospects
According to the National Energy Plan through 2050, energy demand will increase by around 60% by 2050, with electricity and gas consumption increasing faster than oil consumption. Most of the electricity consumption rise will be linked to an increasing use of wind and solar technologies.
Below is a list of the Colombia energy market report graphs:
In the Colombia energy market report you will find the following tables:
The Colombia energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Colombia country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Colombia country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
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