Business Monitor International


Chile Power Report

Published 25 March 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. But in terms of energy, Chile's geography and considerable distances between urban areas and potential sources of power , all create challenges in the electricity market. Hydroelectricity accounts for about one- third of production, but it is a sector shrouded in regulatory uncertainty and lengthy appeals processes. While rumours of new hydro projects abound, there is no guarantee these proposals will become a reality soon. 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. Chile needs to diversify its electricity-generating mix to ensure that supply meets the growing demands of the population and its energy-intensive mining industry. However, efforts to boost electricity production from other sources, such as coal at the Punta Alcalde power plant, are held back by lengthy approval and appeals processes, while environmental concerns continue to disrupt investment in established sectors such as hydroelectricity.

During the period 2014-2023, BMI forecasts that Chile's total power generation will increase by an annual average of 5.4%, reaching 115.3 terawatt hours (TWh). The population is expected to rise from 17.5mn to 18.9mn during this period, with net power consumption set to rise from 63.5TWh in 2014 to 76.6TWh by 2018 and then to 95.8TWh by 2023.

The key developments in Chile's power sector since last quarter are:

  • The...

Table of Contents

BMI Industry View
7
SWOT
8
Industry Forecast
9
Chile Snaphot
9
Table: Country Snapshot: Economic And Demographic Data
9
Table: Country Snapshot: Power Sector
9
Chile Forecast Scenario
10
Electricity Generation And Power Generating Capacity
10
Table: Chile Total Electricity Generation Data And Forecasts, 2012-2017
10
Table: Chile Total Electricity Generation Data And Long-Term Forecasts, 2018-2023
11
Table: Chile Electricity Generating Capacity Data And Forecasts, 2012-2017
12
Table: Chile Electricity Generating Capacity Data And Long-Term Forecasts, 2017-2022
13
Electricity Consumption
20
Table: Chile Total Electricity Consumption Data And Forecasts, 2012-2017
20
Table: Chile Total Electricity Consumption Long-Term Forecasts, 2018-2023
21
Transmission & Distribution, Imports & Exports
21
Table: Chile Electric Power Transmission And Distribution Losses Data And Forecasts 2012-2017
21
Table: Chile Electric Power Transmission And Distribution Losses Data And Long-Term Forecasts 2017-2023
22
Table: Chile Trade Data And Forecasts 2012-2017
22
Table: Chile Trade Data And Long-Term Forecasts 2018-2023
22
Industry Risk/Reward Ratings
23
Latin America Power Risk/Reward Ratings
23
Table: Latin America Power Risk/Reward Ratings, (Scores Out Of 100)
28
Chile Power Risk/Reward Ratings
29
Rewards
29
Risks
29
Market Overview
31
Key Policies And Market Structure
31
Regulation And Competition
31
Sustainable Energy Policies
33
Pricing
33
Chile Power Projects Database
34
Table: Chile Major Projects - Power
34
Competitive Landscape
39
Transelec
40
Enersis/Endesa
40
Suez/Tractebel
41
AES
41
Colb-n
42
Pacific Hydro
43
Company Profile
44
Enersis
44
Regional Overview
48
Industry Trend Analysis
48
Glossary
55
Table: Glossary Of Terms
55
Methodology
56
Methodology And Sources
56
Industry Forecast Methodology
56
Sources
59
Risk/Reward Ratings Methodology
59
Table: Power Risk/Reward Rating Indicators
60
Table: Weighting Of Indicators
62

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 Ratings

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