Composed Index for the Evaluation of Energy Security in Power Systems within the Frame of Energy Transitions—The Case of Latin America and the Caribbean

Abstract

Energy transitions are transforming energy systems around the globe. Such a shift has caused the power system to become a critical piece of infrastructure for the economic development of every nation on the planet. Therefore, guaranteeing its security is crucial, not only for energy purposes but also as a part of a national security strategy. This paper presents a multidimensional index developed to assess energy security of electrical systems in the long term. This tool, named the Power System Security Index (PSIx), which has been previously used for the evaluation of a country in two different time frames, is applied to evaluate the member countries of the Latin American Energy Organization, located within the Latin America and the Caribbean region, to measure its performance on energy security. Mixed results were obtained from the analysis, with clear top performers in the region such as Argentina, while there are others with broad areas of opportunity, as is the case of Haiti.