El Salvador's energy exports have Honduras and Nicaragua as main destinations, which have made important purchases according to BCR data.
Likewise, the media explained that operations reflect that transactions in the Mercado Eléctrico Regional (MER) maintain a constant dynamism, and in which Honduras and Nicaragua are emerging as the major buyers, followed by Costa Rica and Guatemala, while El Salvador and Panama reflect a behavior of importer and exporter.
The director of the Dirección General de Energía, Hidrocarburos y Minas (DGEHM), Daniel Álvarez, indicated that the dynamism in exports is due to the fact that El Salvador has managed to have the most competitive prices in the region, and that the investment made by the Central Government in recent years has allowed an increase in the generation of renewables.
This price competitiveness has also allowed El Salvador to be more efficient in the Mercado Eléctrico Regional .
The official also explained that exports are made based on energy surpluses, meeting local demand in the first instance. Regarding imports, he affirmed that when the country imports energy, it does not mean that El Salvador does not have the capacity to generate, but that plants are shut down and the surplus is brought from elsewhere.
Alvarez commented that the boom in public and private investment in the construction of plants and power plants for renewable sources has allowed an increase in production.
Translated by: A.M