The Republic of Ecuador is developing a comprehensive plan to meet the increasing residential, industrial, and commercial energy demands. With a population of 17.08 million in 2018, the country is experiencing an annual average energy growth of approximately 7.13% until 2027. This research aims to model the incorporation of new and proposed power plants strategically planned to cater to the expanding demand needs. Ensuring that our existing energy infrastructure can adequately meet the current and growing needs of the residential, commercial, and industrial sectors should be made possible. In this paper, we present several hypotheses that need to be made to identify the potential demands for residential, industrial, and commercial requirements, making it more accessible to build new facilities that use renewable energy. Traditional and unconventional renewable energy sources, such as hydro-power, wind, and solar power, are being explored to generate electricity. The research employs quantitative methodology, beginning with gathering information and a detailed data analysis. Subsequently, a scenario-based model will examine the impact on energy demand and supply from 2020 to 2035. The results show that the Santiago hydroelectric project is becoming essential for the country’s energy development and that the current national power system will only be able to supply the electricity demand when the industrial city of Posorja is being developed. We suggest that to maintain Ecuador’s electricity trade balance as an electricity exporter, we continue with the energy investment plans currently issued by the Ministry of Energy and Mines. This study is relevant for establishing global financing arrangements involving the public and private sectors. In doing so, we can meet our hypothetical scenarios, ensuring that all energy needs are met by 2035. This will involve developing a robust national grid system with sufficient reserve capacity, meeting residential and projected commercial and industrial demand.
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