New market study, "Chile Power Report Q1 2015", has been published
Recently published research from Business Monitor International, "Chile Power Report Q1 2015", is now available at Fast Market Research
[UKPRwire, Mon Jan 19 2015] Chile will remain one of the most attractive power markets in Latin America over the next 10 years, due to its strong electricity consumption figures, driven by the country's expanding consumer base and energy-intensive mining industry. Moreover, a solid business environment and liberalised electricity sector continue to contribute to our positive outlook for the country. While hydropower expansion will be reined in by regulatory and environmental hurdles, renewables and natural gas-fired power generation will experience considerable growth and create significant investment opportunities over our 10-year forecast period.
Although Chile's economic growth in 2014 and 2015 will be lower than previously expected (1.95% and 2.55% respectively, compared to 2.5% and 3.2%), we forecast real GDP to pick up over the medium term, increasing by an annual average rate of 4.19% between 2016 and 2023. Moreover, power demand from mining activities in the country will remain robust between 2014 and 2023, as we expect Chile's abundant reserves to continue attracting investment and boosting growth in the sector - although at a lower rate than in the past .Finally, we expect Chile's total population to increase from 17.77mn in 2014 to 19.04mn in 2023.
Full Report Details at
In light of these factors, we forecast electricity consumption to grow by an annual average rate of 4.51% between 2014 and 2023, reaching a total of more than 94 terawatt hours (TWh) by the end of our ten-year forecast period to 2023. Meanwhile, total power generation will increase by an annual average rate of 5.02% over the next decade, reaching 112TWh by 2023.
Key Trends And Developments
* In May 2014 the country's newly-elected president Michelle Bachelet announced a USD650mn investment plan aimed at reducing electricity costs (an ongoing source of concern for the mining industry) and fostering investment in unconventional energy sources. The energy strategy outlines plans to reduce marginal electricity costs on...
The Chile Power Report features Business Monitor International (BMI)'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.
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