New price of Chile outdoor power supply

In June 2023, Chile's household electricity price was just above the average residential electricity price of Latin American countries at 0.19 U.S. dollars per kilowatt-hour. Chile's residential electricity price was nearly double that of Mexico and over four times the price reported in Argentina in the same period.

Chile was one of the first countries in the world to successfully reform its electricity market. Limited by the dilemma of energy dependence on imports, Chile's electricity price fluctuates greatly.

A paid subscription is required for full access. Chile's electricity market price has been on an overall increasing trend recently, reaching 103.5 Chilean pesos per kilowatt-hour in May 2024 (based on a four-month average ending in this month).

Expansion Plan, which contains a total of 38 expansion works, with a total expected investment of USD 537 million. Prices are stabilized in nominal values (Chilean pesos) from 2019 to 2020. From 2021 onwards, tariffs are adjusted only by Chilean inflation (IPC). The limit for accumulated balances is US$ 1,350 million.

The highest figure since the beginning of 2020 was 106.5 Chilean pesos per kilowatt-hour, recorded in April 2023. In 2022, coal accounted for 23 percent of Chile's gross electricity generation, while natural gas contributed another 19 percent.

Limited by the dilemma of energy dependence on imports, Chile's electricity price fluctuates greatly. Therefore, in recent years, Chile has been committed to the transformation of the new energy structure and introduced a series of policies to promote its energy development.