Energy Balance Colombia
First useful Energy Balance and Energy Efficiency Gap for Colombia
Client Planning Authority for Energy and Mines – UPME in Colombia. An institution of the Colombian Ministry of Energy. And CORPOEMA
Duration June 2018 – March 2019
Background
Although Colombia is a country that has significant energy resources, that it is not only self-sufficient but also exports oil, coal and electricity, it is undeniable that it also has a high potential for energy efficiency. So far, the country has made progress in drawing up a final energy balance – which includes data since 1975 – and now collects the balance for the supply, transformation and final consumption of energy separately.
It was deemed necessary to deepen this analysis to identify the potential associated with end-use efficiency and performance, best operating practices and diversification of the energy matrix. This is due to uncertainties regarding the medium-term local availability of certain resources and the associated volatility of international energy prices, new energy uses (electric vehicles, smart grids, use of FNCE, etc.) and considerations related to possible avoided costs in infrastructure development, among others.
Furthermore, it is essential to quantify the economic losses that the country suffers in order to maintain the inefficiency in the energy chain up to the useful energy.