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LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

May 10, 2024

What Can Ecuador Do to Address its Energy Emergency?

Ecuadorean President Daniel Noboa declared a nationwide energy emergency on April 16 following shortfalls in electric generation. // File Photo: Ecuadorean Government.

Q

A

Alberto Acosta Burneo, editor of Weekly Analysis in Guayaquil: “The root of the electrical problem lies in statist legislation that perpetuates a state monopoly and restricts private investment to only exceptional cases. The absence of an electricity market with prices determined by supply and demand, coupled with a hyper-regulated environment, makes it unattractive to investors. This approach has only ‘worked’ while the state had sufficient resources, but it collapses when facing fiscal constraints, as evidenced since 2019 when the expansion of energy supply was halted. To stabilize the electrical system, the government must take immediate measures, capitalizing on the state of emergency declaration. It is crucial to…”

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ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

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Staff

Gene Kuleta
Editor
P. 202.463.2920
E. gkuleta@thedialogue.org

Carl David
Goette-Luciak
Reporter

Nili Blanck
Reporter

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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