Colombia s new energy storage plan

Does Colombia have a long-term energy strategy?

Under Colombia’s long-term strategy (E2050), oil continues to play a role for exports but declines strongly in the domestic energy system. By 2050, the country targets an increase in electrification of final energy consumption of 40-70% of final energy use, multiplying by seven the electricity consumption in 2015.

What will Colombia's energy transition look like?

Colombia’s road map confirms that the transition will be gradual and rely on a broad portfolio of energy sources, including solar photovoltaics (PV), wind, geothermal, bioenergy, hydrogen and others. It will be knowledge-intensive and be based on reskilling and training, to prepare and educate the country and professionals.

Does Colombia have a guide for saving water and energy?

Colombia also has a guide for saving water and energy in buildings. The PND 2022-2026 requires an energy audit of all government administrative facilities every four years and energy saving targets to be achieved through energy efficiency measures and the deployment of non-conventional renewables (GoC, 2023).

Does Colombia have a natural gas supply plan?

It is interesting to note that in Colombia, gas producers and marketers are required to submit their production plan each year to the MME for each field for a ten-year period. They can update this information during the year. The UPME prepared the 2019-2028 Natural Gas Supply Plan, based on the MME resolution (40304/2020).

Does Colombia have a fuel price stabilisation policy?

Colombia has a fuel price stabilisation policy. Created in 2006, the FEPC is used for mitigating price volatility of gasoline and diesel on the international market. However, in practice, since 2020, international prices are no longer reflected in national prices. National gasoline prices increased marginally, diesel prices not at all.

What is Colombia's transport sector energy demand?

Since 2011, Colombia’s transport sector energy demand increased by 39%, half of which is covered by gasoline. Notes: Transport sector demand excludes international aviation and navigation. Source: IEA (2023).