80%
of renewables (inc. hydro) by 2030
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This analysis includes a comprehensive Chile energy market report and updated datasets. It is derived from the most recent key economic indicators, supply and demand factors, oil and gas pricing trends and major energy issues and developments surrounding the energy industry. The report provides a complete picture of the country situation, dynamics, current issues and future prospects. With 2020 market data and continuous follow-up of markets news, this report brings clear and concise insights with which to tackle national energy challenges and opportunities. Browse the tabs below for a detailed table of contents, the list of graphs and tables, and details on the data files.
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Highlights
80%
of renewables (inc. hydro) by 2030
5.2 GW
of wind and solar commissioned over 2015-2020
-13%
energy intensity reduction by 2030 (compared to 2019)
Abstract
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.
Below is a list of the Chile energy market report graphs:
In the Chile energy market report you will find the following tables:
The Chile energy market data since 1990 and up to 2020 is included in the Excel file accompanying the Chile country report.
It showcases the historical evolution, allowing users to easily work with the data.
Key Data included in the excelsheet:
The Chile country report is complemented with a national power generation dashboard (excel file) from our Power Plant Tracker Service.
Data included in the excelsheet:
Projections Data (Excel Sheet)
The Chile country dashboards are complemented with country forecasts from EnerFuture (excel file) with scenario comparison.
Data included in the excelsheet:
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