Business Monitor International


Chile Power Report

Published 29 July 2014

  • 67 pages
  • Instant access to your report online and PDF format through your account library
  • Includes 3 free updated quarterly reports
 
$1,295.00
Chile Power Report

BMI View: Chile is one of the most attractive markets in Latin America, with political stability, abundant natural resources and a healthy economic growth outlook all adding to its appeal. In terms of energy, however, Chile's unique geography, particularly the considerable distances between urban areas and potential sources of power, creates challenges in the electricity market. Moreover, while h ydroelectricity accounts for about one- third of production, it is a sector shrouded in regulatory uncertainty and weighed down by lengthy appeals processes. While rumours of new hydro projects abound, there is no guarantee these proposals will become a reality soon and the country is attempting to grow the thermal and renewable sectors in an effort to cope with growing consumer and industrial demand for electricity . In the thermal sector, gas-fired projects are gaining ground and these are appeal ing because of their reliability when compared to renewable sources of power. That said, renewable energy will continue to play an increasing role in the electricity mix, with solar and wind power projects particularly popular.

Domestic demand for energy in Chile is growing, and as electricity generation struggles to keep up with the pace of demand, energy shortages are feared, and price hikes are already emerging. As a consequence, in May the country's recently-elected president Michelle Bachelet announced a USD650mn investment plan aimed at reducing energy costs and fostering investment in new sources of energy. The energy strategy outlines plans to reduce marginal electricity costs on the domestic Sistema Interconectado Central (SIC) grid (which covers Santiago and central Chile) by 30% by 2018, with household electricity prices to fall by 25% over the next ten years. In addition to lower prices, the plan is likely to have significant additional implications for the sector, including:

  • A focus on investment in renewable energy in order to cut the sector's...

Table of Contents

BMI Industry View
7
SWOT
9
Industry Forecast
10
Chile Snaphot
10
Table: Country Snapshot: Economic and Demographic Data (Chile 2013-2018)
10
Table: Country Snapshot: Economic and Demographic Data (Chile 2018-2023)
10
Table: Country Snapshot: Power Sector
10
Chile Forecast Scenario
11
Electricity Generation And Power Generating Capacity
11
Table: Total Electricity Generation Data And Forecasts (Chile 2012-2017)
11
Table: Total Electricity Generation Data And Forecasts (Chile 2018-2023)
12
Table: Electricity Generating Capacity Data And Forecasts (Chile 2012-2017)
13
Table: Electricity Generating Capacity Data And Forecasts (Chile 2018-2023)
14
Electricity Consumption
21
Table: Total Electricity Consumption Data And Forecasts (Chile 2012-2017)
21
Table: Total Electricity Consumption Data And Forecasts (Chile 2018-2023)
22
Transmission & Distribution, Imports & Exports
22
Table: Electric Power T&D Losses Data And Forecasts (Chile 2012-2017)
22
Table: Electric Power T&D Losses Data And Forecasts (Chile 2018-2023)
23
Table: Trade Data And Forecasts (Chile 2012-2017)
23
Table: Trade Data And Forecasts (Chile 2018-2023)
23
Industry Risk/Reward Ratings
24
Latin America Power Risk/Reward Ratings
24
Table: Latin America Power Risk/Reward Ratings, (Scores Out Of 100)
31
Chile Power Risk/Reward Ratings
32
Rewards
32
Risks
32
Market Overview
34
Key Policies And Market Structure
34
Regulation And Competition
34
Sustainable Energy Policies
36
Pricing
36
Chile Power Projects Database
37
Table: Chile Major Projects - Power
37
Competitive Landscape
42
Transelec
42
Enersis/Endesa
43
Suez/Tractebel
44
AES
44
Colb-n
45
Pacific Hydro
45
Company Profile
47
Enersis
47
Regional Overview
50
Glossary
57
Table: Glossary Of Terms
57
Methodology
58
Methodology And Sources
58
Industry Forecast Methodology
58
Sources
61
Risk/Reward Ratings Methodology
61
Table: Power Risk/Reward Rating Indicators
62
Table: Weighting Of Indicators
64

The Chile Power Report features Business Monitor International (BMI)'s market assessment and independent forecasts covering electricity generation (coal, gas, oil, nuclear, hydro and non-hydro renewables), electricity consumption, trade, transmission and distribution losses and electricity generating capacity.

The Chile Power Report also analyses the impact of regulatory changes, recent developments and the background macroeconomic outlook and features competitive landscapes comparing national and multinational operators by sales, market share, investments, projects, partners and expansion strategies.

Key Benefits

  • Use BMI's independent industry forecasts for Chile to test other views - a key input for successful budgeting and strategic planning in the power market.
  • Target business opportunities and risks Chile's power sector through our reviews of latest power industry trends, regulatory changes, and major deals, projects and investments in Chile
  • Assess the activities, strategy and market position of your competitors, partners and clients via our Competitive Landscape analysis.

Coverage

BMI Industry View

Summary of BMI's key industry forecasts, views and trend analysis, covering power markets, regulatory changes, major investments, projects and company developments.

Industry SWOT Analysis

Analysis of the major Strengths, Weaknesses, Opportunities and Threats within the power sector, and within the broader political, economic and business environment.

Regional Overview

The Regional Overview provides a comparative context from within which one can assess the relative profitability of the power industry in a given country, incorporating BMI's country risk macro forecasts into our regional analysis. They also detail any relevant issues or events that might cause market fluctuations, as well as evaluate the impact of existing power infrastructure and fresh investments on the regional market.

BMI Industry Forecasts

The Industry Forecasts provide historic data series and forecasts to end-2018 for electricity generation (TWh) and electricity generating capacity (MW) for each individual power segment present in the country. These forecasts are in turn supported by explicit assumptions, in conjunction with analysis of the key risks to the main forecast. These in turn are broken down into:

Electricity Generation forecasts for Thermal, Coal, Gas, Oil, Nuclear, Hydro and Non-Hydro Renewables. For this section, we provide information on electricity generation (TWh), % growth year-on-year, KWh per capita, and the % of total electricity generation. The thermal fuels (coal, gas and oil) also have figures for their % of total thermal electricity generation.

Electricity Generating Capacity offers forecasts for the potential net capacity and net capacity growth % change year-on-year for the whole power industry. It also includes individual forecasts for capacity (MW), capacity growth % change year-on-year, and % of total capacity for Thermal, Nuclear, Hydro and Non-Hydro Renewables.

The section also includes historic data series and forecasts to end-2018 for:

Electricity Consumption, encompassing information on net consumption (TWh), net consumption growth % change year-on-year, and net consumption per capita (KWh).

Transmission And Distribution Losses, comprising predictions on Electric Power Transmission And Distribution Losses, (TWh), and Electric Power Transmission And Distribution Losses, % of Output.

Electricity Trade, offering historical figures for imports and exports and forecasts for net imports (TWh).

Market Overview

This section provides an overview of the industry landscape and key players; assessment of the business operating environment and the latest regulatory developments.

Risk/Reward Rankings

BMI's Power Risk/reward Rankings provide fully comparable rankings aimed at investors (power companies, services companies and equity investors) in the regional power market. The rankings methodology makes sophisticated use of various industry, economic and demographic data points and is part of BMI's integrated Country Risk-Industry Rankings products.

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Testimonials

'An essential, multi-faceted research tool. BMI’s thorough understanding of the major market players enables an informed – and informative – review of the sector’s actual performance, together with useful insights into current industry issues, which are topped-off with detailed and invaluable forecasts of industry and macroeconomic trends.’

Senior Research Analyst, ABC International Bank plc