Chilean Power & Renewables Market Forecast

Chile’s power market is at a pivotal moment witnessing transformations that will shape its future. The Chilean National Electricity System has recently seen unprecedented hourly and locational price fluctuations with curtailment increasing by 81% between 2022 and 2023. This development has been driven by the high share of intermittent renewable capacity consisting of solar and wind which made up ~37% of total capacity by the end of 2023.

As geographical supply-demand imbalances are expected to intensify with intermittent capacity continuing to increase away from demand centers, the power system is facing diverse challenges that will impact power pricing across the country.

In the context of these challenges to the system, this webinar aims to give an inaugural long-term outlook on Chilean power prices.

For our Central Scenario, we cover the following key questions:

• What is our view on regional power prices out to 2060 in Chile?
• How will the generation mix and installed capacity by technology evolve in the long run?
• How will capture prices for renewables develop as more wind and solar capacity is installed?
• How will the power transmission grid expansion and the integration of storage technologies impact power prices in the long run?