Chile
With a power score of 2.53, Chile ranks number 3 among emerging markets and number 11 in the global power ranking.
- Emerging markets
- Latin America
2.53 / 5
Power score
Transport score
Overview
Chile has a power score of 2.53, which puts it at rank 11 in the global power ranking, and rank 3 in the emerging markets power ranking. In comparison to 2021 the power rank of Chile has remained the same.
At 2.53, the power score of Chile is better than the regional average of 1.81 in the Latin America region.
Regional power score comparison
Power
Power policy
Chile implements policies in 5/6 power policy categories tracked by Climatescope, including Renewable energy target, Renewable energy auction, Feed-in Tariff, Net Metering, Import tax incentives, VAT incentives.
Power policies
Power prices and costs
The average electricity price in Chile has dropped from 193.71 USD/MWh in 2021 to 127.65 USD/MWh in 2022. Since 2017, the average electricity price in Chile has fluctuated between 127.65 USD/MWh (2022) and 193.71 USD/MWh (2021).
Power market
The top amount of capacity installed in Chile in 2022 was in Solar PV at 23.18%, up from 18.62% in 2021.
Installed capacity (in MW)
Electricity generation (in GWh)
The largest electricity generating technology in Chile in 2022 was Coal, generating some 23.51% of electricity, down from 33.7% in 2021. The technology with the biggest increase in eletricity generation in 2022 was Solar PV at 17.04%, up from 13.01% in 2021.
Investment in clean energy in Chile was around $1606.5 million in 2022, a decrease of 54.87% from 2021 ($3560.05 million). Between 2017 and 2022, the highest investment in clean energy was in 2019 at $5012.48 million, while the lowest was in 2018 with $1122.79 million.
Utility privatisation
Which segments of the power sector are open to private participation?
Type
Question
Availability
Wholesale power market
Does the country have a wholesale power market?
Doing business and barriers
Type
Question
Availability
Currency of PPAs
Are other PPAs (eg. corporate PPAs) signed in or indexed to U.S. Dollars or Euro?
Type
Question
Availability
Bilateral power contracts
Can a C&I (Commercial and Industrial) customer sign a long-term contract (PPA) for clean energy?
Type
Question
Availability
Fossil fuel price distortions - Subsidies
Does the government keep the wholesale price of electricity from fossil fuels artificially low through subsidies?
Type
Question
Availability
Fossil fuel price distortions - Taxes and carbon prices
Does the government significantly increase the wholesale price of electricity from fossil fuel through targeted taxes and/or carbon prices?
Transport
Transport policy
Chile implements policies in 7/9 transport policy categories tracked by Climatescope, including Clean transport target, National ICE phase-out, EV purchase grant/loan incentive, EV VAT reduction/exemption, EV import tax reduction/exemption, EV income tax reduction/exemption, EV recurring tax reduction/exemption, EV charging infrastructure target, E-bus target.
Transport policies
Type
Question
Availability
Fuel economy standards
Does the country have a fuel economy standard in place?
