Does Venezuela's electricity system collapse?

In this paper, the collapse of Venezuela’s electricity system is analyzed. Two well-known recovery plans, the Venezuelan Electricity Sector Recovery Plan (VESRP) and the Country Plan Electricity (CPE), are described in detail, and their challenges are discussed in the context of the energy transition paradigm.

Does Venezuela need a diversified electricity system?

Yet power generation, and especially generation that relies on renewables, requires diversification; Venezuela has failed to design its electrical infrastructure in a way that accounts for the natural unpredictability of energy sources like hydro, solar, and wind.

Should Venezuela build a decarbonized electricity matrix?

However, there is a lack of insight about the economic and environmental opportunities of building a decarbonized electricity matrix in account of the existence of huge renewable energy resources. Fulfilling a balance between reconstructing Venezuela’s historic electricity system and building a new decarbonized system is of major significance.

Can Venezuela unbundle its centralized electricity management system?

Unbundling Venezuela’s centralized, state-centric electricity management system: The regulation of the state-concentrated and centrally managed electricity supply system, as well as the day-to-day management of the state-owned CORPOELEC, will need to be reformed and unpacked.

How can Venezuela ensure reliable electricity access?

In the short run, to guarantee reliable electricity access Venezuela will need to import fuel to supplement hydropower, for example in the form of a floating storage and regasification unit to provide natural gas for generation, as well as power generators.

How secure is Venezuela's power grid?

When any single source of fuel accounts for even a third of the power flowing into a grid, the security of that system is difficult to guarantee. At nearly seventy per cent hydro, Venezuela is running a catastrophically uniform system.