Insights & News
Renewable Power Market in Chile, January 2022
Based on information provided by Chile’s National Electric Coordinator, information on the renewable power market is provided below. Graph 1 shows the total energy generated in Chile, and the participation by each of the sources.
If we analyze in detail the solar and wind generation during the last 12 months, the total generated and its share in Chile’s generation market has increased, as shown in Graphs 2 and 3. In January 2022, the solar power generated had a share close to 20% of the total national share, while 12 months ago this participation was close to 14%.
On the other hand, Graph 4 shows the evolution of energy prices throughout Chile. During 2020, the average price was approximately 40 USD/MWh, while for the last 12 months this value is approximately 90 USD/MWh.
For solar hours, considered between 8:00 and 18:00 hrs, the average price during 2021 was approximately 49 USD/MWh at Crucero substation (Northern Chile) and 58 USD/MWh at Quillota substation (Central Chile). During 2020 these values were 32 and 34 USD/MWh respectively for each substation.
