Chile energy report

• For power generation, the targets are for a share of 80% of renewables in 2030 and zero-emissions in 2050. Around 40% of the coal capacity will be closed by 2025, with a total phase-out in 2040.
• Enel is the largest power company, with around 30% of power generation and half of the distribution.
• Around 4.5 GW of solar and wind have been commissioned since 2015.
• Renewables account for almost half of the power mix.
• Electricity prices are the second highest in South America.
• Total energy consumption increased by 3.5%/year over 2014-2019 and dropped by 8% in 2020.
• Industry absorbs 60% of the electricity consumption.
• Around 6 GW of wind and solar projects are under construction.

• 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 32 Mt for oil, 8 bcm for gas and 1.2 Gt for coal (end of 2020).

• Energy Prices

  Gas:

  The price of natural gas in the residential sector increased by 13% in 2021 to US$11.4c/kWh. Previous trends followed international prices: it decreased between 2011 and 2015 (-11%/year), then increased by 10%/year between 2015 and 2018, before decreasing again in 2019 to US$11.2c/kWh (-4.5%/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 for 2050 targets a zero-emission power mix (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 (2020, %)
• GRAPH 3: GROSS POWER PRODUCTION BY SOURCE (TWh)
• GRAPH 4: Power generation by source (2020, %)
• 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 (2020, %)
• GRAPH 10: Final consumption market share by sector (2020, %)

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.