Venezuela electricity prices
The residential electricity price in Venezuela is
VEF 1.093 per kWh or USD 0.046.
The electricity price for businesses is
VEF 1.283 kWh or
USD 0.053.
These retail prices were collected in March 2024 and include the cost of power, distribution and transmission, and all taxes and fees.
Compare Venezuela with 150 other countries.
Historical quarterly data, along with the latest update from September 2024 are available for download.
Sources: C.A La Electricidad de Caracas, Corporación Eléctrica Nacional S.A. (Corpoelec)
Electricity price analysis for Venezuela
- Residential electricity prices in Venezuela are 29.72% of the world average electricity price and 35.51% of the average price in South America.
- Business electricity rates in Venezuela are 35.75% of the world average price and 46.75% of the average in South America.
- Household rates are 85.19% of the business rates.
- Electricity prices paid by small businesses in Venezuela are 161.19% of the prices paid by big businesses.
- The price paid by households with low electricity consumption is 28.30% of the price paid by households with high electricity consumption.
- Fossil fuels: 22.30%
- Wind: 0.11%
- Solar: 0.01%
- Hydro: 77.58%
- Nuclear: 0.00%
- Geothermal: 0.00%
