Is Guatemala's electricity market free?

Guatemala’s electricity market has been operating as a free market since 1996, when the activities of the electricity industry were separated, opening the generation and commercialization of energy to free competition.

How does hydropower work in Guatemala?

Hydropower uses fast-flowing water to turn turbines and power machines, efficiently combining one of the world’s largest natural resources, water and the enduring force of gravity, to create energy. As of 2019, Guatemala had already installed 1,559 MW of hydropower capacity, which contributed to 41% of the nation’s total energy production.

What is the National Energy Plan of Guatemala?

New techniques and technologies will be needed to decarbonise these areas. The National Energy Plan of Guatemala defines the promotion of renewables as a priority. The plan aims to promote the use of clean and environmentally friendly energy for domestic consumption without losing sight of energy security and the need for supply

Why is Guatemala a good place to invest in energy?

Guatemala is a good place for energy investments because it offers opportunities for cleaner energy generation due to its rich natural resources. The country is also working on policies to promote efficient energy supply, allowing U.S. companies to provide technology and know-how.

How is Guatemala tackling the energy crisis?

To ease the current energy crisis, the Guatemalan government has turned toward stricter measures to prevent electricity wastage and is also requiring that private businesses invest in renewable energy in Guatemala.

Is Guatemala a 'land of the Eternal Spring'?

Guatemala’s reputation as the ‘Land of the Eternal Spring’ is beginning to take on a new concept in the 21st century. The enormous potential for renewable energy in Guatemala literally springs from its capacity for hydropower.