What is Ecuador's energy policy?
1. Policy Ecuador’s 2008 Constitution explicitly states that the government will promote the use of clean and alternative energy sources, in addition to energy efficiency, while providing access to public services, preserving the environment and maintaining food and water security, among others.
What is the geothermal plan for Ecuador?
The 2010 Geothermal Plan for Ecuador identifies 16 areas of potential interest for future developments, with a theoretical potential of 6000 MWe. Due to environmental concerns, the government created the Galapagos Island Zero Fossil Fuels initiative to develop renewable energy projects and displace oil-based electricity generation.
Does Ecuador have a feed-in tariff system?
From 2000 to 2015, Ecuador had a feed-in tariff system to support renewable electricity deployment.1 The feed-in tariff evolved over time in terms of duration, rates and technologies included (see Table 1 below for a summary).
How much is a kWh cap in Ecuador?
4 USD cents 0.06 per kWh per km. The USD cents 1.5/kWh cap effectively means that transmission lines over 25km will get the same compensation regarding of their length. construction and operation of renewable energy projects must be Ecuadorian.
Does Ecuador have a blending mandate for biodiesel?
Ecuador has a blending mandate for 5% of biodiesel since 2013, as established by Decree 1303 of 2012. The Decree establishes free competition for local biodiesel producers (they are not subject to PETROECUADOR’s production monopoly) and states that the blending mandate is to gradually increase to 10% according to supply and national production.
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