Chile energy report

• Chile targets a share of 60% of renewables in power generation in 2035 and more than 70% in 2050.
• Enel is the largest power company, with around 1/4 of the capacity and half of the distribution.
• Close to 2.9 GW of solar and 1.3 GW of wind capacities were commissioned since 2015.
• Renewables (inc. hydro) account for 46% of the power mix.
• After increasing by 33% between 2015 and 2018, electricity prices have been decreasing. They are the third highest in Latin America.
• Total energy consumption has increased by 2%/year since 2014.
• Industry absorbs 60% of the electricity consumption.
• Chile is massively developing its renewable capacities. Around 6 GW of wind and solar projects are under construction.
• Most coal-fired power projects have been cancelled and the country plans to phase out coal power generation by 2040.

• Institutions & Energy Policy

  The Ministry of Energy is responsible for energy policy and planning.

  The National Energy Commission (CNE,Comisión Nacional de Energía), acts as the technical body of the Ministry of Energy and is in charge of controlling prices in the regulated sector of the electricity market. It also responsible for implementing the energy efficiency and renewable policies.

• Energy Companies

  Oil:

  ENAP, Empresa Nacional del Petroleo, is a public holding involved in all the sector's activities through its subsidiaries: ENAP Magallanes for oil exploration and production; ENAP Refinerías for oil refining and storage; Sipetrol for the activities abroad (Argentina, Ecuador, Peru, Colombia, Venezuela, Iran and Egypt); and Petro Servicio Corp. for oil engineering and related services.

• Energy Supply

  Resources:

  Chile's fossil fuel resources are scarce: their reserves are estimated at 25 Mt for oil, 4 bcm for gas and 1.2 Gt for coal (end of 2019). However, Chile has a large hydroelectric and geothermal potential (26 and 16 GW, respectively). Moreover, the solar radiation level in the northern part of the country is among the highest in the world.

• Energy Prices

  Gas:

  The price of natural gas in the residential sector follows international prices: it decreased between 2011 and 2015 (-11%/year), then increased by 10%/year between 2015 and 2018, before decreasing again to US$9.8c/kWh (-8.5%/year).

  Graph: GAS PRICES FOR HOUSEHOLDS (US$c/kWh)

  

• Energy Consumption

  Energy consumption per capita is around 2 toe. The country's electricity consumption per capita is around 4 000 kWh.

• Issues & Prospects

  Chile's Energy Roadmap until 2050 targets a 70% share of renewables in electricity production (mainly solar and wind) and a shift from private to public transportation which, according to the plan, should be low or non-carbon-emitting by 2050. New environmental standards, the promotion of energy efficiency and the eradication of energy poverty are also considered in the roadmap.

• GENERAL OVERVIEW
• INSTITUTIONS AND ENERGY POLICY
• ENERGY COMPANIES
• ENERGY SUPPLY
• ENERGY PRICES
• ENERGY CONSUMPTION
• ISSUES AND PROSPECTS
• DATA TABLES
• ABBREVIATIONS
• GLOSSARY

Download the Table of Contents

Below is a list of the Chile energy market report graphs:

• GRAPH 1: CO₂-energy emissions (MtCO₂)
• GRAPH 2: Installed electric capacity by source (2019, %)
• GRAPH 3: Gross power production by source (TWh)
• GRAPH 4: Power generation by source (2019, %)
• GRAPH 5: Gasoline & diesel prices (US$/l)
• GRAPH 6: Electricity prices for industry and households (US$c/kWh)
• GRAPH 7: Gas prices for households (US$c/kWh)
• GRAPH 8: Consumption trends by energy source (Mtoe)
• GRAPH 9: Total consumption market share by energy (2019, %)
• GRAPH 10: Final consumption market share by sector (2019, %)

In the Chile energy market report you will find the following tables:

• Economic Indicators: Annual historical data including population, GDP growth, imports and exports, inflation rate, energy security and efficiency indicators, CO₂ emissions.
• Supply Indicators: Historical data including oil and gas reserves, electric and refining capacity, energy production, power production and external trade. All are detailed by energy source.
• Demand Indicators: Historical data including consumption per inhabitant, consumption trends, total consumption by energy source, final consumption by energy source and sector, and electricity consumption by sector.
• Energy Balances: Single table displaying the overall energy industry balance per annum, also graphically displayed by energy sub-segment.
• Infrastructure Projects: Covers power plant projects by energy, technology, status and operator.

The Chile country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.

Data included in the excelsheet:

• Demand: Primary energy consumption, final energy consumption, by fuel, by sector.
• Power: Electricity generation & capacities, by technology.
• CO₂: Total CO₂ emissions.
• Macro-economy: Main macro-economic assumptions.
• Key indicators: Energy intensity, share of renewables, CO₂ emissions per capita and per unit of GDP.