Chile announced preliminary bidding rules for the 5,400 GWh energy auction



Chile’s National Energy Commission (CNE) has published tender rules for electricity supplies to regulated customers. It will be auctioned for a total of 5,400 GWh divided into two blocks of 1,800 GWh and 3,600 GWh.

Chile’s National Energy Commission (CNE) has published details of the national and international public tender for the supply of energy and electricity 2023/01, which deals with the supply of electricity to regulated customers.

CNE said in a statement that the planned auction is a total of 5,400 GWh divided into two blocks of 1,800 GWh and 3,600 GWh to cover consumption in 2027 and 2028. The auction includes “important innovations” related to handling. CNE pointed out that the market risks and incentives for storage and fixed renewables. Innovations include “the segmentation of bids into three zone blocks, the extension of the duration of the supply contract to 20 years, the possibility to transfer the systemic costs of the short-term market and a direct incentive ways to store and generate with unchanging renewable energy sources,” it added.

Chile’s Energy Minister Diego Pardow said the division into three geographic zones reduces operators’ risks. He added that the inclusion of consumer side payments will help operators reduce risk and achieve greater flexibility in system operations. “Special attention to flexible renewables allows us to work to strengthen the renewable energy storage pillar,” he explained.

CNE Secretary General Marco Antonio Mancilla said that “the measure is part of an initiative by the Ministry of Energy to mitigate risks to suppliers and its main objective is to promote a portfolio of clean, efficient renewable energy production projects and reduce the risks that suppliers are exposed to.”

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