China Power Report

Oct, 12, 2016, Mumbai, India: Market Reports on China presents the report, on “China Power Report”. The government's use of energy auctions for the regulated market, coupled with energy demand from miners located far from the main power network.

Chile's power market will be one of the most attractive and dynamic in Latin America over the next few years, owing to the country's stable business environment and investor-friendly regulations, a solid macroeconomic outlook and robust growth in power consumption. The government's use of energy auctions for the regulated market, coupled with energy demand from miners located far from the main power network, will create long-term business opportunities for power generators. Meanwhile, the need to expand Chile's power grid will drive demand for transmission and distribution infrastructure. "http://www.marketreportsonchina.com/energy-utility-market-research-reports-162/china-power2.html"

Latest Updates And Structural Trends

-Our view that the Chilean power market will be one of the most dynamic in Latin America over the coming years, as well as our bullish growth outlook for renewables in the country, was reinforced by the results of Chile's latest power auction. Finalised in August 2016, the auction saw 84 domestic and international firms compete for power purchase agreements, with contracted companies expected to start supplying power in 2021 and 2022. The average price per bid at the auction was USD47.59/MWh -significantly lower than the USD79.34/MWh registered at the previous auction. The government expects this to translate into lower electricity bills for household and businesses in Chile starting from 2021.

- Companies bidding with renewable energy projects obtained more than 50% of the 12.430 terawatt hours (TWh) that the government was looking to secure in order to satisfy the demand of clients of the SIC and SING central and northern power grids. As a result, we have upgraded our forecasts for renewables...