Since 2013, Venezuela has been confronting a profound political, social, and economic crisis with a strong negative impact on the country’s energy sector. The crisis has severely affected the production of oil, natural gas, fuels, and electricity (Monaldi et al., 2021).
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. These plans have been proposed by non-governmental actors with different scopes and methodologies.
Venezuela may suffer a deterioration of its power in international affairs if the global transition to renewable energy is completed. It is ranked 151 out of 156 countries in the index of Geopolitical Gains and Losses after energy transition (GeGaLo).
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.
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.
The government plan PDSEN 2020–2025 does not address the recovery of Venezuela’s electricity system. It is concluded that pragmatism is compelling both plans to restore the hydro-thermal dispatch model in force since the mid-1980 s, leaving aside the economic and environmental advantages of decarbonizing the electricity sector from the start.
a viable participation of storage systems in the energy market. •Most storage systems in Germany are currently used together with residential PV plants to increase self-consumption and reduce …
Offer financial support for the energy transition: While oil and gas investments are funded by private capital, U.S. government agencies and U.S.- supported multilateral …
From June, system operators and distribution companies will be able to apply for subsidies to build energy storage facilities by the summer of 2025 at the latest, the Ministry said. The €155 …
Downloadable (with restrictions)! This paper analyzes the concept of a decentralized power system based on wind energy and a pumped hydro storage system in a tall building. The …
gaseous hydrocarbons in Venezuela) describes the general features of the legal regime of the natural gas industry in Venezuela, and then highlights some ideas that can serve as support …
Venezuela''s National Assembly on Monday began discussing a proposal to extend through 2047 a contract between state oil company PDVSA and U.S. company …
Venezuela with greater energy stability and reduce dependence on fossil fuels. All interested parties, including those who work in or have some relationship with the energy industry, are …
The intermittent renewable sources combined with Energy Storage System (ESS) specifically the Battery Energy Storage System (BESS) have the potential to produces …
Venezuela has pushed the creation of regional oil initiatives for the Caribbean (Petrocaribe), the Andean region (Petroandino), and South America (Petrosur), and Latin America …
Highlights We have modeled an innovative pico pumped hydro-storage system and wind power system for tall buildings. We conducted technical, economic and social …
Since 2013, Venezuela has been confronting a profound political, social, and economic crisis with a strong negative impact on the country''s energy sector. The crisis has …
The brief brings together the most up-to-date information on renewable energy public policies for the power, heating and transport sectors, and also includes a section on energy access …
We have modeled an innovative pico pumped hydro-storage system and wind power system for tall buildings. We conducted technical, economic and social analysis on …
This law prioritises energy, hydrocarbons, derivatives, by-products of hydrocarbons and alternative energies. In February 2023, Venezuela and Colombia entered into a Bilateral Trade …
Venezuela''s Hydrocarbons Bill is heavily geared towards expanding oil production, which is likely due to the latter''s capacity to generate fiscal revenues. But the …
Venezuela can completely be self-sufficient with domestically produced energy. The total production of all electric energy producing facilities is 85 bn kWh, also 150 percent of own …
GOAL: to promote an understanding, on a global scale, of the dynamics of change in energy systems, quantify emissions and their impacts, and accelerate the transition …
This work aims to determine the most important aspects of an integrative strategy to end the stagnation of Venezuela''s energy sector (VES). The first step is to extract the …
comprehensive analysis outlining energy storage requirements to meet U.S. policy goals is lacking. Such an analysis should consider the role of energy storage in meeting the country''s …
In recent years, the role of battery storage in the electricity sector globally has grown rapidly. Before the Covid-19 pandemic, more than 3 GW of battery storage .