Licitaciones para el abastecimiento eléctrico de clientes regulados en Chile: Dificultades y oportunidades

Moreno Jorge (), Moreno Rodrigo (), Rudnick Hugh () and Mocarquer Sebastián ()
Additional contact information
Moreno Jorge: Massachusetts Institute of Technology (MIT), Cambridge
Moreno Rodrigo: Imperial Collegen, London
Rudnick Hugh: Pontificia Universidad Católica de Chile, Santiago
Mocarquer Sebastián: Systep Ingeniería y Diseño, Santiago

Estudios Públicos, 2012, issue 125, 139-168

Abstract: A new auction scheme for supply contracts for the distribution companies was introduced in 2005 in the Chilean electricity regulation. It was intended to establish a contract market scheme that not only would stimulate supply development to ensure future electricity supply, but would also give certainty to investors. Through competitive bidding, it was expected to achieve efficient long-term prices. Although the concepts aimed at strengthening the market, its application has restricted the achievement of the original objectives. This paper summarizes the application of the auction scheme, its results and limitations, identifies lessons learned and makes proposals for improvement. The analysis identifies two fundamental problems of the current mechanism which will have to be addressed and improved in future processes: the lack of flexibility to address future uncertainty and the absence of criteria to address the lack of competition.

Keywords: electricity regulation; energy auctions; electricity supply contracts; regulated costumer rates (search for similar items in EconPapers)
JEL-codes: H2 L5 L51 (search for similar items in EconPapers)
Date: 2012
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://estudiospublicos.cl/index.php/cep/article/view/316 (text/html)
https://estudiospublicos.cl/index.php/cep/article/view/316/432 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cpt:journl:v::y:2012:i:125:p:139-168

Access Statistics for this article

More articles in Estudios Públicos from Centro de Estudios Públicos Contact information at EDIRC.
Bibliographic data for series maintained by Aldo Mascareño ().