BMI View: A stable business environment , strong growth in power consumption and conducive regulations will make Chil e one of the most attractive power markets in Latin America over the next 10 years. T he government ' s use of power procurement auctions for the regulated market , coupled with energy demand from miners located far from the main power network, will create abundant investment opportunities for power developers. Meanwhile, the need to expand and upgrade Chile 's power grid will drive demand for the services of providers of power transmission infrastructure.
We hold a positive growth outlook for the Chilean power market, as we expect the country's favourable investment climate, upbeat macroeconomic trajectory and strong growth in power consumption to attract significant investment into new power capacity over the coming decade. Chile ranks first in BMI's Operational Risk index in Latin America; moreover, our Country Risk team forecast real GDP will grow at a fast pace through to 2024, supported by a booming manufacturing sector and a resilient mining industry - which are both major drivers of power consumption.
Investment into new power generating capacity will be facilitated by the government's use of power procurement auctions to supply customers in the regulated market. In addition, miners' need to source power in isolated areas of the country will also create business opportunities for generators. We expect robust growth in installed capacity across all power generating technology over our 10-year forecast period. However, we hold a particularly upbeat outlook for renewables and natural-gas fired power, as a result of strong government support and growing investor interest. Conversely, the development of large-scale hydropower projects will be hindered by a track record of delays and social opposition.
Key Trends And Developments
In August 2015, the Chilean government submitted to the parliament's lower house a bill to reorganise the...
The Chile Power Report features BMI Research'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.
- 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.
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.
BMI’s Power Forecast Scenario
Forecasts to end-2024 for all key indicators, supported by explicit assumptions, plus analysis of key downside risks to the main forecasts:
- Generation: Electricity generation total, thermal, coal, natural gas, oil, nuclear, hydropower, hydro-electric pumped storage and non-hydropower renewables.
- Transmission and Distribution Losses: Electric power transmission and distribution losses.
- Trade: Total imports and exports.
- Electricity Consumption: Net consumption.
- Electricity Capacity: Capacity net, conventional thermal, nuclear, hydropower and non-hydroelectric renewables.
BMI’s Power Risk Reward Index
BMI’s Risk Reward Indices provide investors (power companies, service companies and equity investors) looking for opportunities in the region with a clear country-comparative assessment of a market’s risks and potential rewards. Each of the country markets are scored using a sophisticated model that includes more than 40 industry, economic and demographic data points to provide indices of highest to lowest appeal to investors,
Structure, size and value of the industry sector; overview of the industry landscape and key players; an assessment of the business operating environment, sustainable energy policies, pricing and the latest regulatory developments.
Key Projects Database
Details and analysis of all current and planned developments (new ventures, capacity expansion and other investments) across the sector broken down by location, sector type, capacity, value, companies and operational status.
Illustration of the power industry that exploits our data-rich, in-depth analysis of the leading players in the sector and examination of operational results, strategic goals, market position and the potential for investment.
Power Outlook long-Term Forecasts
Regional long-term power forecasts covering electricity generation, consumption and capacity for thermal, hydroelectric and nuclear power. These are supported by a country specific overview, alongside an analysis of key downside risks to the main forecasts.
Providing BMI’s near-term economic outlook for the region as a whole, as well as taking a close look at countries of particular interest and the latest trends and developments.
The Power Market Reports draw on an extensive network of primary sources, such as multilateral organisations, government departments, industry associations, chambers and company reports, including Energy Information Administration (EIA), World Bank (WB) and United Nations (UN).