Aurora Energy Research says narrow margins in Chile’s latest regulated electricity auction meant small changes in bid conditions could have altered the outcome. A 0.7% reduction in competing bids could have displaced sole winner Enel Generación Chile.
An analysis by Aurora Energy Research of Chile’s latest electricity auction for regulated customers has found narrow margins between winning and competing bids, suggesting that small changes in economic conditions could have altered the results.
Enel Generación Chile, the Chilean unit of Italy’s Enel SpA, has won the full allocation in the 025/01 auction from Chilean energy regulator CNE, securing 100% of the contracted energy.
The tender covered 3,360 GWh of electricity per year for regulated customers from 2027 through 2030, equivalent to about 11% of projected regulated demand in 2027, according to the CNE.
Six companies participated in the process, submitting 708 bids representing nearly four times the required energy volume. Enel Generación Chile’s offer was selected as the most economically advantageous following the commission’s evaluation.
