|
|
VOL 12 | NUM 42 | 8 May 2026
|
|
|
|
|
|
|
|
CHILE | 27 April - 3 May 2026
|
|
|
|
Power Markets Weekly
is a brief weekly review of the electric market operation in Chile, Mexico, Iberia, France and Italy. If you are not a subscriber, please feel free to subscribe
here
|
|
|
|
|
|
DNV offers tools for Wholesale Market analysis and operation:
- DNV Power Analytics (DNV-PA) is our web-based platform that provides access to constantly updated long-term energy price forecasts.
- With a refined design and an improved user experience we are upgrading our digital services for our customers.
|
|
|
|
|
|
|
Marginal costs climbed above USD 160/MWh this week
|
|
|
|
The average price in Polpaico was USD 45.7/MWh, up 20.1% from last week and 31.8% lower than the same week one year ago.
|
|
Marginal cost evolution in Polpaico during past years
|
|
|
|
|
|
|
In this week's generation mix, thermals share increased by a total of 4.2 pp, mainly driven by the increase in coal by 3.0 pp. Gas and oil also had an increase, each by 0.6 pp.
|
|
Hydro also increased in their share, with a rise in dam generation and in run-of-river generation by 0.4 pp and 0.6 pp, respectively.
|
|
In contrast, the combined share of wind and solar decreased, mainly due to a sharp 5.1 pp drop in wind share. Solar had a 0.6 pp decrease in share.
|
|
Generation peaked at 11.5 GW on Monday at 2 PM, with solar, wind and CSP accounting for 57.1% of the total output at that hour.
|
|
BESS share in the system peaked at 8 PM on Friday, representing 19.6% of the total output at that hour.
|
|
Generation Mix
|
|
|
|
|
Variation
|
|
|
|
|
Power range by energy sources (average prices)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Geothermal
|
|
Cogeneration
|
|
Biomass
|
|
Coal
|
|
|
Gas
|
|
Oil
|
|
BESS
|
|
Dam
|
|
|
Run-of-river
|
|
Wind
|
|
PV Solar
|
|
CSP
|
|
|
|
|
|
On Monday, marginal cost increased significantly all across the system, exceeding USD 160/MWh, with a peak around USD 190/MWh at 6 PM in Puerto Montt, with the oil-fired power plant Los Pinos setting the price at the moment.
|
|
As winter approaches and solar radiation declines, this week the 500 kV Nueva Pan de Azúcar - Polpaico line was not congested everyday during solar hours, only Monday, Tuesday and Sunday.
|
|
Puerto Montt also decoupled from the rest of the system this week. On Monday due to a congestion in 220 kV Lastarria - Ciruelos line, having higher prices in Puerto Montt than the rest of the system. On the other hand, on Saturday and Sunday, it was due to a congestion in 220 kV Charrúa - Santa Clara line, driven by high wind generation in the south part of the grid, which resulted in having zero prices in Puerto Montt.
|
|
Due to the mentioned congestions, there were three different prices across the system on Monday (north of Pan de Azúcar, Polpaico and Puerto Montt).
|
|
During the early hours of Saturday, coal generation was lower than on previous days due to an outage at Angamos 2 and the start of maintenance at Hornitos, both coal-fired power plants.
|
|
|
|
|
|
|
Crucero
USD 44.0/MWh
|
|
Cardones
USD 43.7/MWh
|
|
Pan de Azúcar
USD 43.8/MWh
|
|
|
|
|
Polpaico
USD 45.7/MWh
|
|
Charrúa
USD 44.5/MWh
|
|
Puerto Montt
USD 41.4/MWh
|
|
|
|
|
|
Solar and Wind production & BESS dispatch
|
|
Solar output increased by 1.2% | 4.5 GWh compared to last week. Regarding the plant factor, the highest was 21.1% in Cardones, while the lowest was 7.6% in Puerto Montt. The system-wide solar plant factor was 16.8%.
|
|
Wind generation declined this week by 35.1% | 73.1 GWh relative to last week. The highest plant factor was 28.4% in Crucero, while the lowest was 13.0% in Cardones. The system-wide wind plant factor was 20.0%.
|
|
BESS showed an increase in injections of 3.5% | 3.0 GWh, and an increase in charges by 0.3 GWh, relative to last week. Additionally, based on the hourly BESS dispatch profile, injections occur predominantly before midnight, resulting in a significant reduction in BESS injections during the early morning hours
|
|
This week, curtailment rates reached 5.4% | 11.8 GWh for wind and 6.1% | 27.5 GWh for solar. This resulted in a combined system-wide curtailment rate of 5.8%, which represents a decrease of 5.0 pp relative to last week.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crucero
USD 13.7/MWh
|
|
Cardones
USD 13.7/MWh
|
|
Pan de Azúcar
USD 13.2/MWh
|
|
|
|
|
Polpaico
USD 16.7/MWh
|
|
Charrúa
USD 14.2/MWh
|
|
Puerto Montt
USD 17.8/MWh
|
|
|
|
|
Energy weighted average spot price using PV production by zone
|
|
|
|
|
|
|
Crucero
USD 40.9/MWh
|
|
Cardones
USD 34.2/MWh
|
|
Pan de Azúcar
USD 44.5/MWh
|
|
|
|
|
Polpaico
USD 55.7/MWh
|
|
Charrúa
USD 40.2/MWh
|
|
Puerto Montt
USD 37.8/MWh
|
|
|
|
|
Energy weighted average spot price using wind production by zone
|
|
|
|
BESS discharge capture price
|
|
|
|
|
Crucero
USD 65.0/MWh
|
|
Cardones
USD 68.0/MWh
|
|
Pan de Azúcar
USD 78.1/MWh
|
|
|
|
|
Polpaico
USD 66.2/MWh
|
|
Charrúa
USD 45.4/MWh
|
|
|
|
|
Energy weighted average spot price using BESS discharge by zone
|
|
|
|
BESS charge capture price
|
|
|
|
|
Crucero
USD 13.1/MWh
|
|
Cardones
USD 11.9/MWh
|
|
Pan de Azúcar
USD 22.3/MWh
|
|
|
|
|
Polpaico
USD 21.0/MWh
|
|
Charrúa
USD 35.4/MWh
|
|
|
|
|
Energy weighted average spot price using BESS charge (both from co-located power plant and from grid) by zone
|
|
|
|
|
|
DNV, Magdalena 181, Las Condes, Santiago, Chile
|
|
|
|
|
|
|
