Chile power auction produces all-time low prices

Thursday, November 2, 2017

Chile's electric power auction saw prices pushed down to a record low of US$32.5/MWh on Thursday.

The price is 75% lower compared with 2013 levels, according to the national energy commission (CNE).

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A total of 24 bidders participated in the auction, which put 2,200GWh/y of power supply out to tender.

Enel Generación Chile was awarded 1,180Wh/y, which represents 54% of the total power auctioned, while Energía Renovable Verano Tres won 540Wh/y (25%) and Atacama Solar 220Wh/y (10%).

Cox Energía secured 140Wh/y (6%) and Atacama Energy Holdings 120Wh/y (5%).