IBOV 170,653 ▼ 0.79% IPSA 10,947 ▼ 0.71% IPC MEX 66,610 ▼ 0.10% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,312.96 ▲ 0.81% BVL PERÚ 55,516.19 ▼ 1.10% USD/BRL5.15▼ 0.11% USD/MXN17.56▼ 0.14% USD/CLP935.43▲ 0.10% USD/COP3,336▼ 0.05% USD/PEN3.40▼ 0.25% USD/ARS1,487▼ 0.03% USD/UYU40.19▲ 1.19% USD/PYG6,050▲ 1.28% USD/BOB9.85▲ 1.50% USD/DOP58.57▼ 0.14% USD/CRC449.85▲ 1.48% USD/GTQ7.62▲ 2.24% USD/HNL26.72▲ 1.48% USD/NIO36.62▼ 0.45% USD/VES698.47▼ 0.13% USD/PAB1.00— 0.00% USD/BZD2.00— 0.00% USD/JMD157.27▲ 0.88% USD/TTD6.70▲ 0.62% EUR/BRL5.88▼ 0.17% BRENT 78.38 ▲ 0.46% WTI 73.76 ▲ 0.33% IRON ORE 161.91 — — COPPER 6.22 ▲ 2.70% GOLD 4,114 ▲ 1.05% SILVER 59.37 ▲ 2.07% SOY 1,188 ▼ 0.59% CORN 451.50 ▲ 3.85% WHEAT 606.25 ▲ 1.13% COFFEE 316.35 ▼ 2.44% SUGAR 14.97 ▼ 0.93% ORANGE JUICE 153.15 ▼ 5.52% COTTON 80.04 ▲ 5.03% COCOA 6,122 ▲ 2.74% BEEF 237.78 ▼ 0.27% CATTLE 362.30 ▲ 0.46% LITHIUM 72.12 ▼ 2.28% PETR4 39.65 ▲ 3.15% VALE3 72.70 ▼ 4.59% ITUB4 41.89 ▼ 1.27% BBDC4 17.69 ▼ 0.73% ABEV3 15.62 ▲ 0.06% BBAS3 19.53 ▼ 1.01% B3SA3 14.24 ▼ 2.00% WEGE3 45.35 ▼ 1.13% PRIO3 56.42 ▲ 0.34% SUZB3 40.83 ▼ 0.22% RENT3 38.84 ▼ 0.64% AZZA3 17.90 ▼ 1.00% CSAN3 3.75 ▼ 2.34% RAIZ4 0.38 ▼ 2.56% PCAR3 2.71 ▼ 0.37% GMAT3 3.74 ▲ 4.47% PSSA3 52.50 ▲ 1.94% CVCB3 1.22 ▼ 1.61% POSI3 3.78 ▲ 0.53% SLCE3 13.21 ▲ 0.38% NATU3 8.50 ▲ 5.59% BRKM5 6.14 ▲ 2.16% RANI3 7.88 ▼ 0.25% CSNA3 4.67 ▼ 1.48% CMIN3 4.66 ▲ 2.42% USIM5 8.35 ▼ 0.95% GGBR4 22.14 ▲ 1.33% ENEV3 25.50 ▼ 0.66% CPFE3 45.46 ▲ 0.04% CMIG4 10.80 ▼ 1.19% EQTL3 38.65 ▼ 1.25% LREN3 13.71 ▲ 0.44% VIVT3 34.31 — 0.00% RAIL3 13.25 ▼ 1.85% KLABIN 17.16 ▼ 0.06% RAIA DROGASIL 17.32 ▼ 1.59% RDOR3 34.08 ▼ 2.15% HAPV3 9.96 ▼ 2.26% FLRY3 15.41 ▼ 1.03% SMTO3 15.25 ▼ 0.46% UGPA3 29.36 ▲ 4.11% VBBR3 31.65 ▲ 2.56% BBSE3 38.75 ▲ 0.52% BPAC11 53.95 ▼ 1.10% CURY3 31.33 ▼ 7.85% AERI3 2.03 ▼ 0.49% VIVARA 22.17 ▼ 2.21% COMPASS 24.52 ▼ 1.64% VAMOS 2.81 ▼ 2.77% SANB11 25.60 ▼ 1.58% ASAI3 8.49 ▼ 0.47% SBSP3 29.25 ▼ 0.75% WALMEX 49.78 ▼ 0.60% GMEXICO 196.37 ▲ 1.10% FEMSA 224.71 ▼ 0.87% CEMEX 21.36 ▲ 0.71% GFNORTE 187.67 ▼ 0.27% BIMBO 57.03 ▲ 0.62% TELEVISA 9.53 ▼ 0.94% AMX 23.18 ▲ 0.96% GAP 416.00 ▲ 0.19% ASUR 284.69 ▼ 1.45% OMA 236.19 ▲ 0.76% KOF 183.45 ▼ 0.85% GRUMA 284.21 ▼ 0.98% KIMBER 38.72 ▼ 0.82% SQM-B 69,501 ▲ 2.30% COPEC 6,030 ▼ 0.33% BSANTANDER 77.10 ▼ 1.78% FALABELLA 5,880 ▼ 2.00% ENELAM 85.39 ▲ 0.77% CENCOSUD 2,079 ▼ 0.10% CMPC 1,079 ▲ 0.33% BANCO CHILE 185.45 ▼ 1.09% LATAM AIR 25.50 ▼ 2.86% YPF 75,725 ▲ 1.75% GGAL 7,910 ▼ 1.68% PAMPA 5,210 ▲ 0.58% TXAR 665.00 ▼ 1.41% ALUAR 960.00 ▼ 3.03% TGS 9,355 ▲ 0.27% CEPU 2,310 ▼ 0.82% MIRGOR 17,400 ▲ 0.58% COME 45.47 ▲ 2.87% LOMA NEGRA 3,510 ▼ 0.85% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,133 ▲ 1.29% ECOPETROL 15.13 ▲ 3.00% BANCOLOMBIA 80.21 ▼ 1.07% GRUPO AVAL 4.84 ▼ 1.63% CREDICORP 381.47 ▼ 1.29% SOUTHERN COPPER 167.21 ▼ 1.50% BUENAVENTURA 28.36 ▼ 1.90% MERCADOLIBRE 1,809 ▼ 0.23% NUBANK 13.37 ▼ 1.76% XP 15.44 ▼ 3.32% PAGSEGURO 8.77 ▼ 1.46% STONE 10.52 ▼ 1.50% GLOBANT 29.90 ▼ 5.53% TECNOGLASS 43.94 ▲ 1.60% GAP AIRPORT 236.30 ▼ 0.37% ASUR 284.69 ▼ 1.45% OMA AIRPORT 107.30 ▲ 0.12% AMX ADR 26.41 ▲ 0.99% FEMSA ADR 127.80 ▼ 1.31% CEMEX ADR 12.17 ▲ 0.50% PETROBRAS ADR 17.24 ▲ 3.48% VALE ADR 14.05 ▼ 4.36% ITAU ADR 8.16 ▼ 0.85% SANTANDER BR 5.04 ▼ 1.18% AMBEV ADR 3.02 ▲ 0.67% CSN 0.92 ▼ 0.41% GERDAU 4.30 ▲ 0.47% LATAM ADR 54.49 ▼ 3.95% BTC 62,843 ▲ 0.94% ETH 1,751 ▲ 0.49% SOL 77.95 ▲ 0.21% XRP 1.09 ▲ 0.30% BNB 570.25 ▲ 0.34% ADA 0.17 ▲ 0.36% DOGE 0.07 ▲ 0.23% AVAX 6.69 ▲ 3.46% LINK 7.73 ▲ 1.35% DOT 0.83 ▲ 0.35% LTC 43.82 ▲ 0.45% BCH 236.58 ▲ 0.60% TRX 0.33 ▲ 0.92% XLM 0.18 ▲ 0.17% HBAR 0.07 ▲ 1.92% NEAR 1.90 ▲ 0.53% ATOM 1.57 ▲ 0.27% AAVE 88.63 ▲ 0.51% SELIC 14.25% EMBRAER 81.50 ▼ 4.48% EMBRAER ADR 63.42 ▼ 3.87% JBS 11.82 ▼ 3.04% JBS BDR 60.90 ▼ 3.64% MBRF3 15.38 ▼ 2.23% MBRFY 2.91 ▼ 3.96% INTER 5.57 ▼ 0.36% IBOV 170,653 ▼ 0.79% IPSA 10,947 ▼ 0.71% IPC MEX 66,610 ▼ 0.10% MERVAL 3,202,490 ▼ 0.67% COLCAP 2,312.96 ▲ 0.81% BVL PERÚ 55,516.19 ▼ 1.10% USD/BRL 5.15 ▼ 0.11% USD/MXN 17.56 ▼ 0.14% USD/CLP 935.43 ▲ 0.10% USD/COP 3,336 ▼ 0.05% USD/PEN 3.40 ▼ 0.25% USD/ARS 1,487 ▼ 0.03% USD/UYU 40.19 ▲ 1.19% USD/PYG 6,050 ▲ 1.28% USD/BOB 9.85 ▲ 1.50% USD/DOP 58.57 ▼ 0.14% USD/CRC 449.85 ▲ 1.68% USD/GTQ 7.62 ▲ 2.24% USD/HNL 26.72 ▲ 1.48% USD/NIO 36.62 ▼ 0.45% USD/VES 698.47 ▼ 0.13% USD/PAB 1.00 — 0.00% USD/BZD 2.00 — 0.00% USD/JMD 157.27 ▲ 0.88% USD/TTD 6.70 ▲ 0.62% EUR/BRL 5.88 ▼ 0.17% BRENT 78.38 ▲ 0.46% WTI 73.76 ▲ 0.33% IRON ORE 161.91 — — COPPER 6.22 ▲ 2.70% GOLD 4,114 ▲ 1.05% SILVER 59.37 ▲ 2.07% SOY 1,188 ▼ 0.59% CORN 451.50 ▲ 3.85% WHEAT 606.25 ▲ 1.13% COFFEE 316.35 ▼ 2.44% SUGAR 14.97 ▼ 0.93% ORANGE JUICE 153.15 ▼ 5.52% COTTON 80.04 ▲ 5.03% COCOA 6,122 ▲ 2.74% BEEF 237.78 ▼ 0.27% CATTLE 362.30 ▲ 0.46% LITHIUM 72.12 ▼ 2.28% PETR4 39.65 ▲ 3.15% VALE3 72.70 ▼ 4.59% ITUB4 41.89 ▼ 1.27% BBDC4 17.69 ▼ 0.73% ABEV3 15.62 ▲ 0.06% BBAS3 19.53 ▼ 1.01% B3SA3 14.24 ▼ 2.00% WEGE3 45.35 ▼ 1.13% PRIO3 56.42 ▲ 0.34% SUZB3 40.83 ▼ 0.22% RENT3 38.84 ▼ 0.64% AZZA3 17.90 ▼ 1.00% CSAN3 3.75 ▼ 2.34% RAIZ4 0.38 ▼ 2.56% PCAR3 2.71 ▼ 0.37% GMAT3 3.74 ▲ 4.47% PSSA3 52.50 ▲ 1.94% CVCB3 1.22 ▼ 1.61% POSI3 3.78 ▲ 0.53% SLCE3 13.21 ▲ 0.38% NATU3 8.50 ▲ 5.59% BRKM5 6.14 ▲ 2.16% RANI3 7.88 ▼ 0.25% CSNA3 4.67 ▼ 1.48% CMIN3 4.66 ▲ 2.42% USIM5 8.35 ▼ 0.95% GGBR4 22.14 ▲ 1.33% ENEV3 25.50 ▼ 0.66% CPFE3 45.46 ▲ 0.04% CMIG4 10.80 ▼ 1.19% EQTL3 38.65 ▼ 1.25% LREN3 13.71 ▲ 0.44% VIVT3 34.31 — 0.00% RAIL3 13.25 ▼ 1.85% KLABIN 17.16 ▼ 0.06% RAIA DROGASIL 17.32 ▼ 1.59% RDOR3 34.08 ▼ 2.15% HAPV3 9.96 ▼ 2.26% FLRY3 15.41 ▼ 1.03% SMTO3 15.25 ▼ 0.46% UGPA3 29.36 ▲ 4.11% VBBR3 31.65 ▲ 2.56% BBSE3 38.75 ▲ 0.52% BPAC11 53.95 ▼ 1.10% CURY3 31.33 ▼ 7.85% AERI3 2.03 ▼ 0.49% VIVARA 22.17 ▼ 2.21% COMPASS 24.52 ▼ 1.64% VAMOS 2.81 ▼ 2.77% SANB11 25.60 ▼ 1.58% ASAI3 8.49 ▼ 0.47% SBSP3 29.25 ▼ 0.75% WALMEX 49.78 ▼ 0.60% GMEXICO 196.37 ▲ 1.10% FEMSA 224.71 ▼ 0.87% CEMEX 21.36 ▲ 0.71% GFNORTE 187.67 ▼ 0.27% BIMBO 57.03 ▲ 0.62% TELEVISA 9.53 ▼ 0.94% AMX 23.18 ▲ 0.96% GAP 416.00 ▲ 0.19% ASUR 284.69 ▼ 1.45% OMA 236.19 ▲ 0.76% KOF 183.45 ▼ 0.85% GRUMA 284.21 ▼ 0.98% KIMBER 38.72 ▼ 0.82% SQM-B 69,501 ▲ 2.30% COPEC 6,030 ▼ 0.33% BSANTANDER 77.10 ▼ 1.78% FALABELLA 5,880 ▼ 2.00% ENELAM 85.39 ▲ 0.77% CENCOSUD 2,079 ▼ 0.10% CMPC 1,079 ▲ 0.33% BANCO CHILE 185.45 ▼ 1.09% LATAM AIR 25.50 ▼ 2.86% YPF 75,725 ▲ 1.75% GGAL 7,910 ▼ 1.68% PAMPA 5,210 ▲ 0.58% TXAR 665.00 ▼ 1.41% ALUAR 960.00 ▼ 3.03% TGS 9,355 ▲ 0.27% CEPU 2,310 ▼ 0.82% MIRGOR 17,400 ▲ 0.58% COME 45.47 ▲ 2.87% LOMA NEGRA 3,510 ▼ 0.85% BYMA 309.75 ▲ 1.14% TELECOM ARG 4,133 ▲ 1.29% ECOPETROL 15.13 ▲ 3.00% BANCOLOMBIA 80.21 ▼ 1.07% GRUPO AVAL 4.84 ▼ 1.63% CREDICORP 381.47 ▼ 1.29% SOUTHERN COPPER 167.21 ▼ 1.50% BUENAVENTURA 28.36 ▼ 1.90% MERCADOLIBRE 1,809 ▼ 0.23% NUBANK 13.37 ▼ 1.76% XP 15.44 ▼ 3.32% PAGSEGURO 8.77 ▼ 1.46% STONE 10.52 ▼ 1.50% GLOBANT 29.90 ▼ 5.53% TECNOGLASS 43.94 ▲ 1.60% GAP AIRPORT 236.30 ▼ 0.37% ASUR 284.69 ▼ 1.45% OMA AIRPORT 107.30 ▲ 0.12% AMX ADR 26.41 ▲ 0.99% FEMSA ADR 127.80 ▼ 1.31% CEMEX ADR 12.17 ▲ 0.50% PETROBRAS ADR 17.24 ▲ 3.48% VALE ADR 14.05 ▼ 4.36% ITAU ADR 8.16 ▼ 0.85% SANTANDER BR 5.04 ▼ 1.18% AMBEV ADR 3.02 ▲ 0.67% CSN 0.92 ▼ 0.41% GERDAU 4.30 ▲ 0.47% LATAM ADR 54.49 ▼ 3.95% BTC 62,843 ▲ 0.94% ETH 1,751 ▲ 0.49% SOL 77.95 ▲ 0.21% XRP 1.09 ▲ 0.30% BNB 570.25 ▲ 0.34% ADA 0.17 ▲ 0.36% DOGE 0.07 ▲ 0.23% AVAX 6.69 ▲ 3.46% LINK 7.73 ▲ 1.35% DOT 0.83 ▲ 0.35% LTC 43.82 ▲ 0.45% BCH 236.58 ▲ 0.60% TRX 0.33 ▲ 0.92% XLM 0.18 ▲ 0.17% HBAR 0.07 ▲ 1.92% NEAR 1.90 ▲ 0.53% ATOM 1.57 ▲ 0.27% AAVE 88.63 ▲ 0.51% SELIC 14.25% EMBRAER 81.50 ▼ 4.48% EMBRAER ADR 63.42 ▼ 3.87% JBS 11.82 ▼ 3.04% JBS BDR 60.90 ▼ 3.64% MBRF3 15.38 ▼ 2.23% MBRFY 2.91 ▼ 3.96% INTER 5.57 ▼ 0.36%
since 2009
Thursday, July 9, 2026

Cuba’s Blackouts Show What Happens When A Country Runs Out Of Power

By · December 3, 2025 · 2 min read

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Key Points

  1. A fresh collapse of Cuba’s grid plunged Havana and four western provinces into darkness, affecting millions.
  2. Years of under-investment, centralised control and falling fuel imports have turned electricity cuts into a daily routine.
  3. The crisis offers a warning to other countries flirting with heavy state control and weak incentives for investment.

Around five in the morning, most of Havana disappeared. Streetlights went off and whole neighbourhoods vanished into the dark. Only hospitals and a few tourist hotels stayed lit, running on their own generators.

A failure on a major transmission line had cut the capital off from key oil-fired plants to the east, blacking out four western provinces in one hit. For Cubans, this was not a freak event but the latest chapter in a familiar story.

Over the past year, the island has suffered several nationwide grid collapses and local cuts. In some provinces, families report spending up to 20 hours a day without electricity.

Cuba’s Blackouts Show What Happens When A Country Runs Out Of Power. (Photo Internet reproduction)
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Even in Havana, once shielded from the worst, going eight to ten hours without power has become normal. The surface explanations are familiar: old power plants, weak maintenance, hurricanes that batter fragile lines, and US sanctions that limit access to credit and spare parts.

All of that is real. But the deeper story is about how the system is built and who is allowed to fix it. Cuba depends on a fleet of aging oil plants owned and run by the state, plus fuel shipments from a few political allies.

When Venezuela or Mexico send less crude, there is no diversified market to fill the gap.  Modernising the grid would cost billions of dollars, yet private investors are largely locked out and basic financial information is scarce.

The result is a vicious circle: blackouts destroy food, shut down water pumps and kill small businesses; people protest; the authorities respond with more control but no structural reform.

For outsiders, Cuba’s darkness is more than a local tragedy. It is a case study in what happens when ideology beats pragmatism and when a government keeps tight control even after it has lost the capacity to keep the lights on.

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