The Chilean government unveiled the results of its latest power tender to supply 12,430 GWh to regulated customers starting in 2021.
The average winning price was US$ 47,6 per megawatt hour (MWh). It is the lowest price since tenders started a decade ago. It is also 40% below the average price of US$ 79,3 reached in 2015 and 66% below the average price of US$130/MWh reached in 2013.
Following this tender, the government estimated energy bills will go down by 20% from 2021.
The tender received 84 bids, adding up 85,000GWh a year, almost seven times more than the 12,430 GWh auctioned by…