|
|
VOL 13 | NUM 1 | 31 July 2026
|
|
|
|
|
|
|
|
CHILE | 13 - 19 July 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.
|
|
|
|
|
|
|
Wind participation set a new record, surpassing 40% of the total system generation at its peak
|
|
|
|
The average price in Polpaico was USD 39.7/MWh, which is 58.0% lower than last week and 69.6% lower compared to one year ago.
|
|
Marginal cost evolution in Polpaico during past years
|
|
|
|
|
|
|
Recent rainfall reduced thermal generation to decreased their participation in the energy mix compared to the last week, while hydro and renewables increased their shares.
|
|
Thermals declined their participation due to a fall in coal by 7.2 pp, oil by 3.8 pp and gas by 3.1 pp.
|
|
Improved hydrological conditions boosted hydro share, mainly driven by an 8.3 pp rise in dam participation and a 2.4 pp increase in run-of-river share.
|
|
Rainfall led to a decline in the variable cost of dam-stored energy from USD 116/MWh to USD 45/MWh.
|
|
Renewables increased their share in the mix overall. Wind increasing by 8.6 pp, although solar decreased by 3.2 pp.
|
|
Wind participation set a new record on Thursday at 6 AM representing 41.1% of the generation.
|
|
Peak demand was 12.3 GW at 12 PM on Tuesday, with solar and wind accounting for 56.3% of the generation.
|
|
BESS participation peaked at 9 PM on Monday with 22.7%.
|
|
Starting on Thursday, several transmission lines experienced service interruptions due to adverse weather conditions associated with the rainfall, contributing to a decline in power generation.
|
|
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
|
|
|
|
|
|
The 500 kV Nueva Pan de Azúcar – Polpaico line was congested during solar hours on Wednesday and Friday, resulting in a price decoupling from Polpaico southward.
|
|
The 220 kV Charrúa – Santa Clara line experienced congestion during the early morning on Monday and Wednesday, as well as during solar hours on Tuesday and Wednesday. This congestion decoupled prices in the south zone of the system.
|
|
Another main transmission constraint occurred on the 220 kV Lastarria – Ciruelos line, which was congested during solar hours on Friday, Saturday and Sunday. This congestion also led to price decoupling in the southern part of the system.
|
|
The weekly peak price among the reference nodes was registered on Friday at 11 AM, when the price was set by oil-fired power plant Trapén, reaching USD 321.0/MWh at Puerto Montt.
|
|
|
|
|
|
|
Crucero
USD 35.2/MWh
|
|
Cardones
USD 34.9/MWh
|
|
Pan de Azúcar
USD 35.3/MWh
|
|
|
|
|
Polpaico
USD 39.7/MWh
|
|
Charrúa
USD 38.6/MWh
|
|
Puerto Montt
USD 49.4/MWh
|
|
|
|
|
|
Solar and Wind production & BESS dispatch
|
|
Solar injection decreased its system-wide plant factor by 3.1 pp compared to last week, reaching 9.6%. The highest plant factor was 13.2% in Crucero zone while the lowest was in Charrúa area with 2.8%.
|
|
Wind injection increased its system-wide plant factor by 11.3 pp compared to last week, reaching 30.2%. The highest plant factor was 40.2% in Cardones zone while the lowest was in Crucero area with 24.1%.
|
|
BESS decreased its system-wide injections by 19.5 GWh compared to last week, reaching a total of 89.5 GWh. The largest decline was observed in Cardones zone with a reduction of 9.1 GWh, while the largest increase occurred in Polpaico area with an additional 1.7 GWh.
|
|
The combined curtailment rate for solar and wind generation increased by 8.0 pp compared to last week, reaching 11.5%. Solar curtailment reached 11.8% | 34.9 GWh while wind curtailment was 11.5% | 45.3 GWh.
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Crucero
USD 22.4/MWh
|
|
Cardones
USD 28.6/MWh
|
|
Pan de Azúcar
USD 41.4/MWh
|
|
|
|
|
Polpaico
USD 36.7/MWh
|
|
Charrúa
USD 23.9/MWh
|
|
Puerto Montt
USD 103.3/MWh
|
|
|
|
|
Energy weighted average spot price using PV production by zone
|
|
|
|
|
|
|
Crucero
USD 33.7/MWh
|
|
Cardones
USD 22.7/MWh
|
|
Pan de Azúcar
USD 17.2/MWh
|
|
|
|
|
Polpaico
USD 36.3/MWh
|
|
Charrúa
USD 37.3/MWh
|
|
Puerto Montt
USD 39.3/MWh
|
|
|
|
|
Energy weighted average spot price using wind production by zone
|
|
|
|
BESS discharge capture price
|
|
|
|
|
Crucero
USD 53.2/MWh
|
|
Cardones
USD 65.6/MWh
|
|
Pan de Azúcar
USD 37.8/MWh
|
|
|
|
|
Polpaico
USD 58.8/MWh
|
|
Charrúa
USD 41.0/MWh
|
|
|
|
|
Energy weighted average spot price using BESS discharge by zone
|
|
|
|
BESS charge capture price
|
|
|
|
|
Crucero
USD 27.1/MWh
|
|
Cardones
USD 35.1/MWh
|
|
Pan de Azúcar
USD 19.6/MWh
|
|
|
|
|
Polpaico
USD 35.0/MWh
|
|
Charrúa
USD 43.9/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
|
|
|
|
|
|
|
