Guatemala Sells More Electricity in the Region

During 2018, the country registered exports of electric energy for $181 million, 76% more than reported in 2017, and its main buyers were El Salvador, Honduras and Mexico.

Tuesday, February 19, 2019

The most recent data from the Bank of Guatemala show that last year Guatemala sold $119 million in electricity to El Salvador, $37 million to Honduras, $1.2 million to Nicaragua and $930,000 to Costa Rica.

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Carmen Urizar, ex-president of the National Commission of Electric Energy and director of the Energy & Infrastructure Analysis Center, explained to Dca.gob.gt that "... the investments that the sector has made and those it has in operation to expand the local transmission system have helped to increase coverage in the country, reduce the price of the service and ensure that Guatemala has an important participation in the regional market."

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Rodrigo Fernandez, vice minister of the Energy Area of the Ministry of Energy and Mines, said that "... Our country is a natural born exporter of electricity. On average it sends 1,400 megawatts a year to Central America, which is positive for us because in those nations the generation of energy is more expensive. The plants that fail to deliver energy in the country, because of their high cost of generation, have found an opportunity to do business and generate employment in the interconnection that Guatemala has with Mexico.

Regarding sales to Mexico, figures detail that between 2017 and 2018 exports increased considerably, going from $1.3 million to $21.8 million.

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More on this topic

Energy: Opposition to Regional Treaties

January 2020

Arguing that there is a risk that energy transactions in the region will become more expensive, Guatemalan businessmen are asking the outgoing government to refrain from approving or signing reforms to the Central American Electricity Market Framework Treaty.

Because on January 10 the discussion is programmed within the Director Council of the Regional Electric Market of Central America (CDMER), the subscription of the Third Protocol, which would reform the Framework Treaty of the Electric Market, the private sector of Guatemala has issued an alarm before any change in the regulations, since it could cause increases in the prices of energy transactions or generate negative effects in the Guatemalan market and its interconnection with Mexico.

Guatemala Strengthens as an Energy Provider

January 2019

From January to November last year, the country exported $165 million in electricity to Mexico and Central America, 73% more than in the same period in 2017.

The Report of the Monetary, Exchange and Credit Policy of the Banco de Guatemala, details that the energy exportations are mainly caused by the investments made in the electricity transmission network of the country, which has allowed satisfying the increase of the demand coming from El Salvador and Honduras.

More Energy from Guatemala to Mexico

July 2018

From January to May of this year, Guatemala exported $7 million worth of electricity to Mexico, well above the one million dollars reported during the whole of 2017.

According to data from Banco de Guatemala, during the first five months of the year the country exported $51 million worth of electricity, of which 14% was bound for Mexico.

Electricity Exports Up 53%

June 2018

Explained by exports to El Salvador and Honduras, between January and March Guatemala's electricity sales totaled $31 million, 54% more than was reported in the same period in 2017.

According to figures from Banco de Guatemala, between the first quarter of 2017 and the same period in 2018, the value of electricity sales increased from $20 million to $31 million. In relation to the behavior of sales, records belonging to the Regional Operator confirm that since 2014 the country began its consolidation as a leader in the sale of electricity in Central America.

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