STATISTICAL YEARBOOK CHILE - cne.cl · , also created by the CNE and which obtained this year the second place –of a total of 241 projects- at the contest “Desafío Inno - vación”,

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ELECTRIC POWER SECTOR

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2015 ENERGY STATISTICAL YEARBOOK

CHILE

http://www.energia.gob.cl/http://www.cne.cl

1

2015 ENERGY STATISTICAL YEARBOOK

CHILE

http://www.energia.gob.cl/http://www.cne.cl/

YEARBOOK PRESENTATION: SECRETARY OF ENERGY, MÁXIMO PACHECO

YEARBOOK INTRODUCTION: EXECUTIVE SECRETARY, ANDRES ROMERO

HIGHLITED NEWS 2015

MAIN ENERGY SECTOR INDICATORS IN 2015

ELECTRICITY SECTOR

01 Power generation projects under construction

02 Power generation installed capacity

03 Gross power generation

04 Electricity annual demand

05 Hydrology

06 Electricity transmission projects under construction

07 Electricity transmission installed capacity

08 Marginal costs

09 Short-term node prices

10 Average market price

11 Tender prices and power supplies

12 Average node price

13 Monomic Price SSMM

14 VAD index. sorted by Typical Distribution Areas (TDA)

15 Sample electricity bill per system BT1 / AT4.3

16 Power demand per regulated customers

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27

32

34

44

50

51

52

54

55

56

58

61

64

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CONTENTS

OIL AND GAS SECTOR

01 International prices of reference fuels

02 Fuel imports and exports

03 Petroleum refinery and commercialization capacity

04 Liquefied natural gas terminals

05 Liquid fuels sales

06 Fuels inventory

07 National liquid fuels prices

08 Gross commercialization margin of fuels

09 Botteled LPG national prices

10 National prices of domestic gas through concessionary grids

ENERGY PROJECTS SUBJECTED TO ENVIROMENTAL ASSESMENT

01 Projects submitted for environmental assessment

02 Projects under environmental assessment

03 Energy projects with EQR approved

NATIONAL ENERGY BALANCE

01 Primary energy matrix

02 Final energy consumption

INTERNATIONAL FINANCE INDICATORS

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72

75

81

83

86

88

90

94

96

100

102

104

105

106

110

112

114

118

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2015 ENERGY STATISTICAL YEARBOOK CHILE

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One of the main challenges we wanted to establish during the foundation of the Energy Agenda in 2014, was to boost the availability and transparency of all the en-ergy information for the citizens.

In a social context in Chile, were continu-ously increases the interest of the popula-tion in knowing the state of progress of this sector and participate in the discus-sion of the long-term policy, the fulfill-ment of this goal becomes critical for a correct construction of our energy matrix, considering all of the needs, opportunities and challenges

Within the various initiatives maintained by our road map with this purpose, we are glad to introduce you to our Energy Statistical Yearbook 2015, in which you would find information about this sector, statistics, and more. This yearbook was possible thanks to the National Energy Commission (CNE) and its Unit of Informa-tion and Statistics.

With this Statistical Yearbook 2015 we are strengthening access and democratization of energy information, providing more transparency to markets and promoting the generation of better public policies for our country.

Therefore, in a context were Chile is continuously improving the way we understand the collaboration and conjoint work between all those who wants to be part of this growth, the access to accurate public informa-tion becomes essential. I sincerely hope that this yearbook will help to bolster this goal we have set up, in aim to increase our active transparency over time.

Máximo Pacheco MatteSecretary of Energy

YEARBOOK PRESENTATIONMÁXIMO PACHECO

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YEARBOOK INTRODUCTIONANDRÉS ROMERO

I am pleased to introduce you, on behalf of all the National Energy Commission, our Energy Statistical Yearbook 2015, whereby we provide all stakehold-ers a set of relevant and descriptive statistics of the Chilean energy sector.

The compilation, management and updating of in-formation was classified into five thematic group-ings (electricity and hydrocarbons sector, environ-mental status and progress, regulation and energy policies; and national energy balance) each of them count with the analysis of the most relevant aspects of the year.

The statistics series presented were designed homogeneous, not including methodological changes over time. Most of all the information displayed, considers statistical series from 2005 to 2015, which represents a valuable effort contributing to the availability of time series.

This new product we are delivering to all stakeholders in the energy sector, was created keeping always in mind the vital importance of having updated and validated information and figures, in aim to offer a compact view of the evolution occurred among the last ten years in this sector.

For all these reasons, and understanding the importance and social value of the information we manage, is that we wanted to create this yearbook and so you would have another tool to facilitate the understanding of the relevant variables involved in the sector.

Through this yearbook also is that the National Energy Commission wants to stand out its commitment with society to make more transparent and participatory their role in the national energy sector.

I want to invite you to give us your comments and opinions about this product, so we may have a dynamic process which led us to improve and meet your needs and expectations. Please do not hesitate to send them to [email protected] mail.

The Energy Statistical Yearbook 2015, would be available online in both of our websites, www.cne.cl and at www.openenergychile.cl

Andrés Romero CeledónExecutive Secretary at the National Energy Commission

mailto:infoestadistica%40cne.cl?subject=www.cne.clhttp://www.openenergychile.cl/?lang=enhttp://www.openenergychile.cl/?lang=en

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2015 HIGHLITED NEWS

JANURY 2015National Congress approves the new Tender and Power Supplies Legislation

In January 6th of 2015, the Chilean National Congress, approved the law project which was introduced by the government in aim to modify the General Electricity Services Law, improving the actual energy tender and power supply process, for clients under price regulation.

The main goal for this new Electricity Law (Number 20.805) is to enhance the ten-der scheme and adjudication methodology in order to, given the relevance of this subject, allow to assure by contract the electricity supply to all of the regulated clients of SIC and SING energy systems; obtaining this way, lower and more com-petitive prices.

This regulation also gives greater empowerment to the National Energy Commis-sion (CNE) which will must design, coordinate and lead these processes, while dis-tributors are responsible for the administrative issues, among others.

Other modifications considered by this law change are: the increase of the time to tender postulation up to five years before the supply start, the increase of the sup-ply contract up to 20 years, improvements in the system of evaluation of tender of-fers, including a hidden maximum price and the possibility to implement a tender design in line with the economic criteria’s of efficiency, competence, security and diversification established by law.

The regulation also reduced the risks for the supplier thanks to the incorporation of the possibility to change either the supply start, the dissolution of the contract or the price revision hence to special causes, not necessarily related to it.

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FEBRUARY 2015Tenders Preliminary Report and User Registration Under the new electricity law (No. 20,805) the National Energy Commission be-gan to prepare the “Tenders Preliminary Report” where is explained the analysis of projected demand for electricity distribution companies which are obliged to participate in the tenders, the expected situation regarding the potential of elec-tricity supply during the period considered and all of the other special terms of the tender.

The final report also shows the projection of the supply tender processes which are going to be carried out during the next four years.

Once prepared the report, the national commission calls together the participants and prepares for the tender.

Meanwhile, on February 18th, was established the Register of Members and Inter-ested Institutions, made up by the distribution concessionaires, generating com-panies and other institutions or interested users, who may make technical com-ments to the Preliminary Report of Tenders.

MARCH 2015Electrical interconnection progressAfter more than three years of study and the closure of feedback process; the proj-ect “Expansion Plan for the Trunk Transmission System. Period 2014-2015” was finished and ready to be opened in April by the President of the Republic. This project seeks to unify the Central Interconnected System (SIC) with the Northern Interconnected System (SING).

The future electrical system covers from the Arica y Parinacota Region to the Los Lagos Region, thanks to two new lines 2x500 kV, both with capacity of 1,500 MW, located between substation (S/E) Los Changos and Nueva Crucero-Encuentro (140 kilometers) and another between S/E Los Changos and S/E Kapatur (3 kilometers).

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MARCH 2015CNE makes available energy information through its new reports With the main goal of making more transparent the energy sector and its in-formation to population -accomplishing like this the objective of the public sector- the National Energy Commission initiate the publication of the Monthly Energy Report in both, daily and monthly basis.

This new strands of work which are in pdf format, are available at the CNE web-site and online subscription

APRIL 2015Begins parliamentary discussion over Gas Services LawThe Mining and Energy Commission of the Chamber of Deputies initiated the discussion of the draft legislation which modifies the actual Gas Services Law, seeking to create better conditions for consumers and to allow a proper man-agement by the companies.

Although the gas charging calculation is regulated, this law project keeps the free-legislation methodology for pricing with an eventual rate that will be ac-tivated if the gas distributor firm exceed the maximum limit of economic prof-itability, which is controlled by the National Energy Commission through an annual audit.

MAY 2015CNE launches website were to find the cheapest kerosene an fuel pricesThe ministry of energy, Máximo Pacheco and the secretary executive of the National Energy Commission (CNE), Andrés Romero, launched the website www.parafinaenlinea.gob.cl, where users would be able to find the best kero-sene prices around Chile.

Since the application of the resolution No. 60 from 2012 (written by the CNE), all operating fuel stations in Chile, are obliged to inform all the fuels and its prices with all the variations through time.

The website www.parafinaenlinea.gob.cl is added to the previous platform, www.bencinaenlinea.cl, also created by the CNE and which obtained this year the second place –of a total of 241 projects- at the contest “Desafío Inno-vación”, produced by the National Service of the Government of Chile.

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http://www.parafinaenlinea.gob.cl/http://www.parafinaenlinea.gob.cl/http://www.bencinaenlinea.cl/

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JUNE 2015Government sends to National Congress the Electricity Bill Equity Law Project The project that modifies the actual General Electrical Services Law, seeks to introduce equity mechanisms in electricity pricing and was signed by the Presi-dent of the Republic and sent to Congress to start the legislative process at the Mining and Energy Committee of the Senate.

The initiative aims to reduce the differences in electricity bills between differ-ent areas in Chile, with the clear objective of having territorial equity and pro-viding the recognition to the zones where energy is produced.

This project has two measurements. The first is the residential rate equity and the second is the recognition of local power generation. It is estimated that 2.7 million customers will be benefit in almost 14.0% (about 4,278 CLP).

JULY 2015CNE promotes electricity supply tenders in Asia, United States and y BrazilThe National Energy Commission (CNE) in partnership with the Foreign Invest-ment Committee (CIE Chile) and the Association of Electric Companies, con-ducted a roadshow around Asia, Brazil and the United States promoting with the investment banks and power generators companies the upcoming electric-ity supply tenders for regulated customers.

Note that these energy tenders are the first to be led by the CNE and were de-veloped under the new Energy Supply Contracts Law for Regulated Customers -which was approved in January 2015-. During this roadshow, was found a high interest from the companies about the investment opportunity in Chile that represents this new energy tender methodology.

AGOSTO 2015Government initiates legislative discussion over the draft bill which establishes a new transmission system and creates an independent coordinatorOn August 7th, the Ministry of Energy introduced in the Chamber of Deputies the draft bill were is established the new system of Electric Power Transmission and were is created an Independent Coordinator for the National Electric System. With this is finished the pre-legislative work -that lasted for more than a year- where the main participants were the Government, some of the main electricity sector participants, social partners and environmental organizations. With this another relevant milestone in the Energy Agenda is completed.

The initiative also considers a new functional definition for the electricity trans-mission systems and creates the concept of energy development hubs; it adds a new five-year process of long-term energy planning, establishes an annual pro-cess of expansion of the transmission system and also creates an Indepent Coor-dinator for the Electricity Interconnected System, its functions and responsabili-ties, among other modifications.

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SEPTEMBER 2015CNE publishes new format Preliminary Technical Report Pricing Knot Short The National Energy Commission (CNE) published in September the Short-term Node Pricing Technical Preliminary Report the Central Interconnected System (SIC) and the Northern Interconnected System (SING), as part of October Node Pricing.

This year the report has a new format plus some associated products, all of this in order to improve the information available for the energy industry partici-pants and the community, collecting the main conclusions of a participatory work that was developed.

This node prices are fixed twice a year, in April and October. Its calculations are communicated to the Ministry of Energy through a Technical Report so they can publish them by a decree in the Official Journal.

Its born the first Open Data Website for the Energy Sector: OpenEnergy In London -within the framework of the seminar “ChileDay 2015”- the Minister of Energy, Maximo Pacheco, launched the new open data platform for the en-ergy sector (OpenEnergyChile) which gathers all the energy information in one place and its related data. This site was inspired by the work already done by the Department of Energy of the United States, Inter-American Development Bank, MIT and Stanford University.

This website was developed by the National Energy Commission to respond to a wide variety of interests and needs associated with the energy sector. Some of the main objectives of this project were: reducing information asymmetries, enhancing information transparency and encouraging citizen participation through the proposal of new ideas for developments; all of those always from an innovative point of view to the solution. Open Energy contains on one site statistics, interactive graphs, studies, laws, maps, reports related to the energy sector. All the information available is easily accessible, downloadable, reus-able and free.

http://www.openenergychile.cl/?lang=en

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OCTOBER 2015Historical result by the Electricity Supply for regulated customers Tender In the presence of Minister of Energy, Maximo Pacheco and the Executive Sec-retary of the National Energy Commission, Andres Romero, the adjudication of the “Tender Supply 2015-02” for regulated customers was held the 26th of this month. This process considered all the concession areas supplied from the SING and SIC, reaching a total of 1,200 GWh-year.

In this tender -in which 38 companies participated- was achieved an average price of 79.3 USD/MWh. Was also possible to incorporate new players into the electricity market, most of them, with non-conventional renewable energy (NCRE) propositions.

The intention of the new process was to award the energy associated to three blocks (4-A, 4-B and 4-C) and considering a 20 years long contract term, starting on January 1st , 2017.

Within the awarded companies were: Aela Generacion SA, Abengoa consortium, Ibereolica Cabo Leones I SA, SCB II SpA and Amunche Solar SpA.

The authorities emphasized the success of the process thus to the reduction of 40% compared to the tender price from 2013. Was also relevant the high number of NCRE companies who participate.

This process is the result from the technical work made by the National Energy Commission (CNE); being the first to be developed under the new Electricity Law regulation –which refers to the new tender supply regulation (No. 20,805)- that brought certainty to the process increasing the investors’ confidence.

NOVEMBER 20152016 budget law: energy resources are increased by a 9,6%On November 25th, the Senate approved the 2016 budget draft bill were was considered an increase of the resources for the Department of Energy of 9.6% -around 145,703 CLP million) and which would allow -among others benefits- the continuance of the Energy Agenda implementation.

The growth of public finances of the Department of Energy also considers the ser-vices and programs related to the Secretariat of State. The National Energy Com-mission (CNE) will count with resources up to 5,387 CLP million, which represents a budget increase of 2.2% compared to 2015.

The growth programmed for the CNE in 2016 answers to all the studies related to the quadrennial electric pricing processes, the analysis for the electric distribution value-added (VAD), the annual expansion plan and the gas distribution compa-nies’ profitability evaluation, among others.

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DECEMBER 2015CNE launches the mobile application Bencina en LíneaContinuing with the purpose of improving the dissemination of information fuel prices to the public, the Ministry of Energy and the National Energy Commission launched the mobile application Bencina en Línea, compatible with Android and iOS operating systems.

In this new application the user would be able to check the prices of all the 1,768 suppliers, ordered by fuel type (gasoline 93, 95 and 97 and diesel oil), verify the location of the service station, estimate the time and cost of his path to the station, report incorrect prices and compare his consumption with the most ef-ficient vehicle in its category.

During 2015 -and aligned with them same goal as the mobile app- were also launched two websites: Gas en Línea (gasenlinea.gob.cl) and Gas de Red en Línea (gasdered.gob.cl)

https://play.google.com/store/apps/details?id=cl.gob.cne.energiaabierta.BencinaEnLinea&hl=enhttps://itunes.apple.com/us/app/bencina-en-linea/id1062067238?l=es&ls=1&mt=8gasenlinea.gob.clhttp://gasdered.gob.cl/

MAIN ENERGY SECTOR INDICATORS IN 2015

AVERAGE MARGINAL COSTS

57.388.6

USD/MWh

USD/MWh

SING

SIC

NOMINAL TENDERED FINAL PRICE 79.3 USD/MWh

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52.4 USD/bblBRENT PRICE

48.7 USD/bblWTI PRICE

4,908 MWPOWER GENERATION PROJECTS UNDER CONSTRUCTION

100107

USD/MWh

USD/MWh

SING

SICAVERAGE MARKET

PRICE

72,175 GWhGROSS POWER

GENERATION

19,742 MWPOWER GENERATION INSTALLED CAPACITY

COAL PRICE 92.3 USD/Ton

EQR APPROVED GENERATIONCAPACITY 4,123 MW

DIESEL OILNATIONAL AVERAGE PRICE 525 $ / LITRO

93 SP GASOLINENATIONAL AVERAGE PRICE 721 $ / LITRO

15 kg LPGNATIONAL AVERAGE PRICE

15,42414,757

CLP PER UNIT

CLP PER UNIT

CATALYTIC

REGULAR

14,357 MMUSDENERGY GENERATION PROJECTS WITH EQR APPROVED

2.61 USD/MMBtuHENRY HUB PRICE

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LEGISLATIVE BILLS SUBMITTED IN 2015 3 Projects


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The electric power market comprises generation, transmission and distribution

activities, mainly developed by private companies. The Competent Authority acts

as regulator and overseer and aims at establishing criteria that incentivize an

efficient economic expansion of the electric power system. The Chilean power

sector is governed by the Act of Electric Services (Ley General de Servicios

Eléctricos).

Chile has two large interconnected systems, the Central Interconnected System

(SIC, Sistema Interconectado Central) and the Northern Interconnected System

(SING, Sistema Interconectado del Norte Grande), and the Aysén and Magallanes

electric systems. Generators must coordinate their plant operations with the

corresponding Economic Dispatch Load Center (CDEC-SIC and CDEC-SING). The

main function of CDECs is to safeguard the security of the system and to program

dispatch from plants to always meet the demand, at any time, at the lowest cost

possible and as per security restrictions.

The public organization in charge of the sector is the Ministry of Energy (Ministerio

de Energía). This Ministry is responsible for plans, policies and standards fostering

the development of the electric power sector. Additionally, the Ministry of Energy

awards concessions for the operation of hydroelectric plants, transmission lines,

substations and electric distribution zones. Two organizations report to the

Ministry of Energy: the CNE, a technical entity that analyzes prices, tariffs and

technical standards companies in the sector must apply, and the Superintendence

of Electricity and Fuels (SEC, Superintendencia de Electricidad y Combustibles),

the organization that sets technical standards and supervises compliance of same.

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01. POWER GENERATION PROJECTS UNDER CONSTRUCTION

As indicated in Article 31 of the Node Price Setting Regulation** (0586/2012), “installations under construction” are defined as generation units, transmission lines and electrical substations that have been granted the respective construction permits for civil works or have been granted the order to proceed in the fabrication and/or installation of the corresponding electrical or electromagnetic equipment for electricity generation, transmission or transformation.

EXPECTED OPERATING ENTRANCE YEAR EVOLUTION OF THE ELECTRICITY GENERATIONPROJECTS UNDER CONSTRUCTION 2005-2015 IN MW

CONVENTIONAL NRCEs

2009

94.5%

5.5%

4,147

2005

96.3%

3.7%

379

2010

94.3%

5.7%

3,022

2006

97.0%

3.0%

984

2011

82.0%

18.0%

2,670

2007

97.7%

2.3%

2,691

2012

72.9%

27.1%

1,845

2008

94.9%

5.1%

4,239

2013

67.2%

32.8%

2,671

2014

52.7%

47.3%

4,492

2015

45.9%

54.1%

4,908

Source: CNE

EXPECTED OPERATING ENTRANCE YEAR VARIATION OF THE ELECTRICITY GENERATIONPROJECTS UNDER CONSTRUCTION 2015 IN MW

4,908 9.2%×12.95* 20142005TOTAL

Of the total NCRE projects declared under construction for the paste 10 yeras, 65% of these were reported between 2014 and 2015.

*The increase was 1.195% between 2015 and 2015 which equals a total growth of

12,95 times the original value.

** This was updated by the DS68/2015.

http://www.cne.cl/

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TOTAL OF POWER GENERATION PROJECTS UNDER CONSTRUCTION PER TECHNOLOGY IN MW

BIOMASS

NATURAL GAS

SOLAR THERMOELECTRIC

HYDROELECTRIC (RUN-OF-RIVER)

DIESEL

SOLAR PHOTOVOLTAIC COAL

WIND

2%

4%

4%

8%

12%

24%

46%

4,908

2015

13%

21%

66%

379

2005

1%

2%

3%

9%

14%

13%

25%

33%

4,492

2014

Source: CNE

FORECAST OF POWER GENERATION PROJECTS UNDER CONSTRUCTION AS PER DATE OF OPERATION STARTUP IN MW

THERMOELECTRIC CONVENTIONAL HYDROELECTRIC

NCREs CUMULATIVE

902

60

61

2015 2017 2018 20202016

1,514

823

238 817 144

1,310

4,764

3,9473,709

4,908

348

Source: CNE

For further information, please review the exempt resolutions published by the CNE “Update and communicate construction sites”, which are on the website www.cne.cl According to exempt resolutions mentioned before, is possible to count up to December 31, 2015, a total of 73 projects under construction which together reach an installed capacity of power genera-tion of 4,908 MW.

http://www.cne.cl/http://www.cne.cl/http://www.cne.cl/

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DETAIL OF POWER GENERATION PROJECTSDECLARED UNDER CONSTRUCTION DURING 2015

SYSTEM PROJECT OWNERSTARTING DATE

TECHNOLOGY CLASIFICATIONPOWER [MW]

REGION

SIC EL PASO HYDROCHILE AGU-2015HYDROELECTRIC (RUN-OF-RIVER)

CONVENTIONAL 60 VI REGION

SIC LOS GUINDOS LOS GUINDOS SPA AGU-2015 DIESEL CONVENTIONAL 132 VII REGION

SIC PLANTA DE COGENERACIÓN PAPELES CORDILLERA S,A, CMPC CELULOSA SEP-2015 NATURAL GAS CONVENTIONAL 50 RM

SIC BIOENERGÍAS FORESTALES CMPC TISSUE TA SEP-2015 NATURAL GAS CONVENTIONAL 5 RM

SIC CMPC TISSUE CMPC CELULOSA DEC-2015 NATURAL GAS CONVENTIONAL 22 RM

SIC GUACOLDA V GUACOLDA DEC-2015 COAL CONVENTIONAL 139 III REGION

SIC DOÑA CARMEN IMELSA MAR-2016 DIESEL CONVENTIONAL 70 V REGION

SIC ANCOA GPE JUN-2016HYDROELECTRIC (RUN-OF-RIVER)

CONVENTIONAL 27 VII REGION

SIC LA MINA COLBÚN SEP-2016HYDROELECTRIC (RUN-OF-RIVER)


SIC ALTO MAIPO - CENTRAL LAS LAJAS AES GENER FEB-2018HYDROELECTRIC (RUN-OF-RIVER)

CONVENTIONAL 267 RM

SIC ALTO MAIPO - CENTRAL ALFALFAL II AES GENER MAY-2018HYDROELECTRIC (RUN-OF-RIVER)

CONVENTIONAL 264 RM

SIC ÑUBLE ELÉCTRICA PUNTILLA JUN-2018HYDROELECTRIC (RUN-OF-RIVER)

CONVENTIONAL 136 VIII REGION

SIC LOS CÓNDORES ENDESA DEC-2018HYDROELECTRIC (RUN-OF-RIVER)


SIC SAN PEDRO COLBÚN JUL-2020HYDROELECTRIC (RUN-OF-RIVER)

CONVENTIONAL 144 XIV REGION

SIC TALINAY PONIENTE ENEL GREEN POWER MAR-2015 WIND ERNC 61 IV REGION

SIC RÍO PICOIQUÉN HIDROENERGÍA CHILE - SCOTTA APR-2015HYDROELECTRIC (RUN-OF-RIVER)

ERNC 19.2 IX REGION

SIC LUZ DEL NORTE ETAPA I FIRST SOLAR ENERGÍA LTDA JUN-2015 SOLAR PHOTOVOLTAIC ERNC 36 III REGION

SIC EL PILAR LOS AMARILLOS RTS JUN-2015 SOLAR PHOTOVOLTAIC ERNC 3 III REGION

SIC QUILAPILÚN SUNEDISON SEP-2015 SOLAR PHOTOVOLTAIC ERNC 109.9 RM

SIC CHAKA ETAPA I CENTRAL SOLAR DESIERTO I SPA NOV-2015 SOLAR PHOTOVOLTAIC ERNC 23 III REGION

SIC CHAKA ETAPA II CENTRAL SOLAR DESIERTO I SPA NOV-2015 SOLAR PHOTOVOLTAIC ERNC 27 III REGION

SIC ITATA ELÉCTRICA PUNTILLA NOV-2015HYDROELECTRIC (RUN-OF-RIVER)

ERNC 20 VIII REGION

SIC LUZ DEL NORTE ETAPA II FIRST SOLAR ENERGÍA LTDA NOV-2015 SOLAR PHOTOVOLTAIC ERNC 38 III REGION

SIC LUZ DEL NORTE ETAPA III FIRST SOLAR ENERGÍA LTDA NOV-2015 SOLAR PHOTOVOLTAIC ERNC 36 III REGION

SIC PANGUIPULLI IMELSA NOV-2015HYDROELECTRIC (RUN-OF-RIVER)

ERNC 0.34 XIV REGION

SIC LAGUNILLA GRENERGY NOV-2015 SOLAR PHOTOVOLTAIC ERNC 3 IV REGION

SIC CARRERA PINTO ETAPA I ENEL GREEN POWER DEC-2015 SOLAR PHOTOVOLTAIC ERNC 20 III REGION

SIC CARILAFQUÉN LATIN AMERICAN POWER DEC-2015HYDROELECTRIC (RUN-OF-RIVER)

ERNC 19.8 IX REGION

SIC MALALCAHUELLO LATIN AMERICAN POWER DEC-2015HYDROELECTRIC (RUN-OF-RIVER)

ERNC 9.2 IX REGION

SIC CHAPEANA RENOVALIA DEC-2015 SOLAR PHOTOVOLTAIC ERNC 2.78 IV REGION

SIC MOLLACAS RENOVALIA DEC-2015 SOLAR PHOTOVOLTAIC ERNC 2.78 IV REGION

SIC LA MONTAÑA I VHC DEC-2015HYDROELECTRIC (RUN-OF-RIVER)

ERNC 3 VII REGION

SIC RENAICO ENEL GREEN POWER JAN-2016 WIND ERNC 88 VIII REGION

SIC LUZ DEL NORTE ETAPA IV FIRST SOLAR ENERGÍA LTDA JAN-2016 SOLAR PHOTOVOLTAIC ERNC 31 III REGION

SIC PAMPA SOLAR HELIO ATACAMA NUEVE JAN-2016 SOLAR PHOTOVOLTAIC ERNC 69 III REGION

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SYSTEM PROJECT OWNERSTARTING DATE

TECHNOLOGY CLASIFICATIONPOWER [MW]

REGION

SIC VALLELAND VALLELAND SPA JAN-2016 SOLAR PHOTOVOLTAIC ERNC 67.4 III REGION

SIC LAS NIEVES ANDES POWER MAR-2016HYDROELECTRIC (RUN-OF-RIVER)

ERNC 6.5 IX REGION

SIC LOS BUENOS AIRES ENEL GREEN POWER MAR-2016 WIND ERNC 24 VIII REGION

SIC LA SILLA PARQUE EÓLICO RENAICO MAR-2016 SOLAR PHOTOVOLTAIC ERNC 1.9 IV REGION

SIC PFV OLMUÉ SUNEDISON MAR-2016 SOLAR PHOTOVOLTAIC ERNC 144 V REGION

SIC VALLE SOLAR ALPIN APR-2016 SOLAR PHOTOVOLTAIC ERNC 74 III REGION

SIC CARRERA PINTO ETAPA II ENEL GREEN POWER JUN-2016 SOLAR PHOTOVOLTAIC ERNC 77 III REGION

SIC RÍO COLORADOGPE - HIDROELÉCTRICA RÍO COLORADO S,A,

JUN-2016HYDROELECTRIC (RUN-OF-RIVER)

ERNC 15 VII REGION

SIC PELÍCANO AUSTRIAN SOLAR JUL-2016 SOLAR PHOTOVOLTAIC ERNC 100 III REGION

SIC ABASOL AVANTIA AGU-2016 SOLAR PHOTOVOLTAIC ERNC 61.5 III REGION

SIC EL ROMERO ACCIONA SEP-2016 SOLAR PHOTOVOLTAIC ERNC 196 III REGION

SIC DIVISADERO AVENIR SOLAR CHILE SEP-2016 SOLAR PHOTOVOLTAIC ERNC 65 III REGION

SIC GUANACO SOLAR GESTAMP JAN-2017 SOLAR PHOTOVOLTAIC ERNC 50 III REGION

SIC MALGARIDA ACCIONA APR-2017 SOLAR PHOTOVOLTAIC ERNC 28 III REGION

SING COCHRANE U2 AES GENER OCT-2016 COAL CONVENTIONAL 236 II REGION

SING KELAR BHP BILLITON OCT-2016 NATURAL GAS CONVENTIONAL 517 II REGION

SING PMGD PICA I ATACAMA SOLAR APR-2015 SOLAR PHOTOVOLTAIC ERNC 0.63 I REGION

SING AMPLIACIÓN LALACKAMA ENEL GREEN POWER APR-2015 SOLAR PHOTOVOLTAIC ERNC 16.25 II REGION

SING JAMA RIJN CAPITAL APR-2015 SOLAR PHOTOVOLTAIC ERNC 30 II REGION

SING PARUMA RIJN CAPITAL APR-2015 SOLAR PHOTOVOLTAIC ERNC 17 II REGION

SING PULAR RIJN CAPITAL APR-2015 SOLAR PHOTOVOLTAIC ERNC 24 II REGION

SING ANDES SOLAR AES GENER MAY-2015 SOLAR PHOTOVOLTAIC ERNC 21 II REGION

SING ARICA SOLAR 1 SKY SOLAR GROUP SEP-2015 SOLAR PHOTOVOLTAIC ERNC 22 XV REGION

SING LASCAR RIJN CAPITAL SEP-2015 SOLAR PHOTOVOLTAIC ERNC 30 II REGION

SING SALIN RIJN CAPITAL SEP-2015 SOLAR PHOTOVOLTAIC ERNC 30 II REGION

SING URIBE SOLAR GESTAMP NOV-2015 SOLAR PHOTOVOLTAIC ERNC 50 II REGION

SING PROYECTO SOLAR CONEJO PATTERN ENERGY GROUP NOV-2015 SOLAR PHOTOVOLTAIC ERNC 104.5 II REGION

SING ATACAMA I ABENGOA DEC-2015 SOLAR PHOTOVOLTAIC ERNC 100 II REGION

SING PARQUE EÓLICO QUILLAGUA I PARQUE EÓLICO QUILLAGUA DEC-2015 SOLAR PHOTOVOLTAIC ERNC 23 II REGION

SING PARQUE EÓLICO QUILLAGUA II PARQUE EÓLICO QUILLAGUA APR-2016 SOLAR PHOTOVOLTAIC ERNC 27 II REGION

SING BOLERO ETAPA I HELIO ATACAMA TRES MAY-2016 SOLAR PHOTOVOLTAIC ERNC 42 II REGION

SING FINIS TERRAE ENEL GREEN POWER JUN-2016 SOLAR PHOTOVOLTAIC ERNC 138 II REGION

SING PROYECTO FOTOVOLTAICO HUATACONDO AUSTRIAN SOLAR JUL-2016 SOLAR PHOTOVOLTAIC ERNC 98 I REGION

SING BLUE SKY 2 CRUCERO ESTE DOS S,P,A, AGU-2016 SOLAR PHOTOVOLTAIC ERNC 51 II REGION

SING BLUE SKY 1 CRUCERO ESTE TRES S,P,A, OCT-2016 SOLAR PHOTOVOLTAIC ERNC 34 II REGION

SING BOLERO ETAPA II HELIO ATACAMA TRES OCT-2016 SOLAR PHOTOVOLTAIC ERNC 104 II REGION

SING PARQUE EÓLICO QUILLAGUA III PARQUE EÓLICO QUILLAGUA FEB-2017 SOLAR PHOTOVOLTAIC ERNC 50 II REGION

SING CERRO DOMINADOR ABENGOA MAR-2017SOLAR THERMOELECTRIC

ERNC 110 II REGION

Source: CNE

http://www.cne.cl/

24


02. INSTALLED POWER GENERATION CAPACITY

The installed electricity generation capacity as of 2015 reaches 19,742 MW. Of these, 15,609 MW (79.1%) corre-sponded to the SIC and 3,968 MW (20.1%) to the SING*. The remaining 0.8% is distributed among the Aysén and Magallanes electricity systems (SEA and SEM). In Chile, 58% of the country’s total installed capacity is represented by thermoelectric generation, while 29.6% is hydroelectric and 12.4% corresponds to NCREs.

In addition to the total installed capacity, there are 20 synchronous power generation plants with their respective electricity systems that have not yet been approved for dispatch by the CDEC (in the testing phase), which reach a total of 459 MW with 74% of NCREs.

EVOLUTION OF INSTALLED POWER GENERATION CAPACITY PER SYSTEM OVER PERIOD 2005 TO 2015 IN MW

10,2101.2%

10,2381.3%

11,1241.2%

11,5451.3%

13,0441.2%

13,7671.1%

1.0%1.0% 1.0%

0.9% 0.8%

15,26816,221 16,688

18,87219,742

20092005 20102006 20112007 20122008 2013 2014 2015

SICSSMM** SING

15.4% 15.3%14.1% 13.6%

12.9% 12.3%17.2%

16.7% 16.3%20.6% 20.1%

83.4% 83.4% 84.7% 85.1% 85.9% 86.6% 81.8% 82.3% 82.7% 78.5% 79.1%

Source: CDEC SIC. CDEC SING. CNE

VARIATION IN INSTALLED POWER GENERATION CAPACITY FOR 2015 IN MW

19,742 4.6% 201493.3% 2005TOTAL

2014

200515,609 5.3%83.3%SIC

2014

2005

2.1%×2.533,968

SING

165 201420050.2%32.7%SSMM**

The total net installed power capacity has in-creased by 6.8% on avera-ge over the past 10 years.

*The installed capacity of the SING does not consider in this total the natural gas power plant located in Salta (Argentina), connnected in the north with the SING energy interconnected system

** The total capacity of the electric power system installed at the “Medium Systems” (SSMM), includes, the Energy Systems of Los Lagos (6 MW) and Easter Island (4.3 MW)

http://www.cdecsic.cl/http://www.cdecsing.cl/http://www.cne.cl/

25


TOTAL DOMESTIC INSTALLED POWERGENERATION CAPACITY PER TECHNOLOGY IN MW

CHILE 2015

2%

2%19%

3%

10%

22%

5%

17%

20%

19,742

CHILE 2014

2%

2%

19%

1%

11%

22%

4%

18%

21%

18,872

CHILE 2005

19%

1%

13%1%

18%

22%

36%10,210

NATURAL GAS

MINI HYDROELECTRIC (RUN-OF-RIVER)

BIOMASS

HYDROELECTRIC RESERVOIR

COAL

DIESEL


WIND

SOLAR

Source: CDEC SIC, CDEC SING, CNE

TOTAL SIC INSTALLED POWERGENERATION CAPACITY PER TECHNOLOGY IN MW

SIC 2015

15%

2%

21%

3%

3%

5%

12%

26%

13%

15,609

SIC 2014

15%

2%

21%

1%

3%

5%

12%

27%

14%

14,821

SIC 2005

1%

15%

1%

9%

9%

21%

44%8,517

NATURAL GAS

MINI HYDROELECTRIC (RUN-OF-RIVER)

BIOMASS

HYDROELECTRIC RESERVOIR

COAL

DIESEL


WIND

SOLAR

Source: CDEC SIC

http://http://www.cdecsing.cl/http://www.cne.cl/http://www.cdecsic.cl/

26


TOTAL SING INSTALLED POWER GENERATION CAPACITY PER TECHNOLOGY IN MW

NATURAL GAS

SOLAR

COAL

MINI HYDROELECTRIC (RUN-OF-RIVER) DIESEL

WIND

SING 2015

3,968

49%

2%

37%

9%

3%

SING 2005

64%

25%

1%

10%

1,569

SING 2014

3,887

50%

2%

38%

9%

1%

Source: CDEC SING

TOTAL SSMM, ISLA DE PASCUA AND LOS LAGOSINSTALLED POWER GENERATION CAPACITY PER TECHNOLOGY IN MW

DIESEL

WIND NATURAL GAS


124

16%

1%

27%

56%

SSMM 2005

165

14%

1%

30%

55%

SSMM 2015

164

14%

1%

30%

55%

SSMM 2014

Source: CNE

http://www.cdecsing.cl/http://

27


03. GROSS POWER GENERATION

Power generation in the SIC during in 2015 reached a total of 52,901 GWh (73.3% of the total), which is clas-sified as 45.9%% thermoelectric, 41.7% conventional hydroelectric and 12.4% NCREs. In the SING, 18,805 GWh of electric power were generated (26% of the total), 95.7% from thermoelectric plants and 4.3% from NCREs. In total -including SSMM, Los Lagos energy system and Easter Island energy system- reached a total of 72,715 GWh, which meant an increase of 2.58% compared to 2014 and an increase of 42.1% in compari-sion to 2005. In resume, if we sort the total energy by generation category, we distinguish: 10.3% NCRE, 30.6% hydroelectric and 59.1% thermoelectric generation.

EVOLUTION OF GROSS POWER GENERATION PER SYSTEM OVER PERIOD 2005 TO 2015 IN GWh

24.6 % 24.8 % 25.6 % 26.1 %25.7 %

25.5%25.2% 25.1%

26.0%25.4 %

24.9 %

0.4%

53,733

0.4%

56,171

0.7%

56,703

0.7%

57,045

0.7%

58,6720.7%

62,3700.6%

68,482

0.7%

70,342

0.6%

72,175

0.7%

65,996

0.4%

50,788

20092005 20102006 20112007 20122008 2013 2014 2015

SICSSMM SING

74.9% 74.7% 73.7% 73.2% 73.6% 73.8% 74.2% 74.2% 73.3%73.9%74.7%

Source: CDEC SIC, CDEC SING, CNE

VARIATION OF GROSS POWER GENERATION PER SYSTEM FOR 2015 IN GWh

72,1752.6% 2014

42.1% 2005

TOTAL

52,901 201420051.3%

39.5%

SIC2014

200518,805 6.4%48.6%SING

2014

20054692.3%

×2.17

SSMM

Gross energy generation has been increased by 3.6% in average per year, along the last 10 years.

http://www.cdecsic.cl/http://www.cdecsing.cl/http://

28


TOTAL DOMESTIC GROSS POWER GENERATION PER TYPE OF TECHNOLOGY IN GWh

2%3%

3%

3%

15%

16%

18%

40%

1%2%4%

4%

15%

15%

18%

41%

2%1%

18%

29%

32%

18%

CHILE 2015 CHILE 2014 CHILE 2005

72,175 70,342 50,788

SOLAR PHOTOVOLTAICWINDDIESELBIOMASS

HYDROELECTRIC (RUN-OF-RIVER) NATURAL GASHYDROELECTRIC RESERVOIRCOAL

Source: CDEC SIC. CDEC SING. CNE

TOTAL SIC GROSS POWER GENERATION PER TYPE OF TECHNOLOGY IN GWh

SIC 2005

3%

1%

18%

24%

43%

11%

37,915

SIC 2015

27%

2%

2%

3%

5%

16%

21%

24%

52,901

SIC 2014

28%

3%

1%

2%

5%

15%

20%

25%

52,210

DIESELSOLAR PHOTOVOLTAICWINDBIOMASS

NATURAL GASHYDROELECTRIC (RUN-OF-RIVER)HYDROELECTRIC RESERVOIRCOAL

Source: CDEC SIC

http://www.cdecsic.cl/http://www.cdecsing.cl/http://www.cne.cl/http://www.cdecsic.cl/

29


TOTAL SING GROSS POWER GENERATION PER TYPE OF TECHNOLOGY IN GWh


DIESEL

WIND

NATURAL GAS

SOLAR PHOTOVOLTAIC

COAL

0.5%0.1%

63.5%

35.9%

0.4%

1.2%2.0%

6.7%

14.2%

75.4%

18,805

79.6%

0.4%

1.2%0.5%

6.4%

12.0%

17,674 12,657

SING 2015 SING 2014 SING 2005

Source: CDEC SING

TOTAL SSMM, ISLA DE PASCUA AND LOS LAGOS GROSS POWER GENERATION PER TYPE OF TECHNOLOGY IN GWh

SSMM 2015 SSMM 2014 SSMM 2005

5%

95%16%

1%

21%

62%

2%

12%

25%

61%

469 458 216

WIND DIESEL HYDROELECTRIC (RUN-OF-RIVER) NATURAL GAS

Source: CNE

http://www.cdecsing.cl/http://www.cne.cl/

30


30

RENEWABLE ENERGIES LAW ENFORCEMENT: LAW 20,257 AND LAW 20,698

Since January 1, 2010 the requirements imposed by Law No. 20,257 or “NCREs Law” were applied. This law standard -in addition to introduce the definition of Non-Renewable Energies and established the technolo-gies that were going to be considered under this category- has defined the requirement about electricity withdrawals made by the generation companies in order to supply their contracts, whether they have a non-regulated client or a electricity distributor company, obliging them to prove their NCREs percentage generation. This amount or fee follows an annual growth presented in the table below.

To meet the legal requirements, companies are allowed to back up the NCRE energy withdrawals requested with other power plants classified under this category or buy it from third parties, always having in mind that only would be considered for this law those companies which have been interconnected to one of the largest electrical systems after January 1st, 2007 or those who have made additions to the installed capacity of the plant starting from that date.

REQUIREMENTS ESTABLISHED IN LAWS 20.257 AND 20.698

YEAR 20,257 LAW 20,698 LAW2010 5.0% -2011 5.0% -2012 5.0% -2013 5.0% 5.0%2014 5.0% 6.0%2015 5.5% 7.0%2016 6.0% 8.0%2017 6.5% 9.0%2018 7.0% 10.0%2019 7.5% 11.0%2020 8.0% 12.0%2021 8.5% 13.5%2022 9.0% 15.0%2023 9.5% 16.5%2024 10.0% 18.0%2025 10.0% 20.0%

Source: CIFES

In line with both Law No. 20,257 and with the guidelines of the regulator in matters of energy, was pro-mulgated in October 2013a new Law No. 20,698 -also known as “Law 20/25”- which makes changes to the quotas established by its predecessor, increasing the requested energy on the generating companies that perform withdrawals (table). Growths defined in this regulation mandate that, by 2025, 20% of the total energy generated must come from a renewable source.

Six years after the implementation of both laws, we have observed that not only there is a good percentage of compliance of it, but also they have been largely overcome in terms of NCRE energy injection to the grid.

http://cifes.gob.cl

31


31

EVOLUTION OF NCREs POWER PRODUCTION RECOGNIZED UNDER LAW 20,257 IN GWh

2012 2013 20142011 2015

2,246

1,573

2,818

1,798

4,620

2,0031,310

1,199

6,126

2,427

2010

647

1,031

INY. ERNC OBL. GWh

Source: CIFES

VARIATION OF NCRES POWER PRODUCTION RECOGNIZED UNDER LAW 20,257 IN GWh

2014

20106,126 32.6%×5.94NCRES INJECTION

2014

20102,427 21.2%×3.75OBLIGATION BY LAW NUM 20,257

TOTAL NCRE INJECTION SINCE LAW 20,257 IS IN FORCE PER TECHNOLOGY IN GWh

HIDROELECTRIC WIND BIOFUELS SOLAR

2015

22%

34%

21%

23%

6,126

26%

30%

34%

10%

2014

4,620

2005

52%

32%

16%

1,031

Source: CIFES

http://cifes.gob.clhttp://cifes.gob.cl

32


04. ELECTRIC POWERANNUAL DEMANDS

During 2015, the maximum hourly demand in the SIC was registered on March 20th, reaching 7,577 MW, and representing a 0.4% of increase compared to the one recorded on June 30th, 2014 and 31. 4% higher than 2005.

EVOLUTION OF SIC HOURLY DEMAND IN MW

20092005 20102006 20112007 20122008 2013 2014 2015

4,894

5,3275,606 5,482 5,392

5,7786,016

6,3916,794

7,080

7,106

2,559 2,6502,899 2,965 2,892 2,966

3,2453,516 3,579

3,7493,853

5,7686,064

6,321 6,154 6,1456,482

6,881 6,9927,282

7,5477,577

MAXIMUM HOURLY DEMAND MINIMUM HOURLY DEMAND MAXIMUM HOURLY DEMAND DURING PEAK HOURS

Source: CDEC SIC

VARIATION IN SIC ANNUAL DEMAND FOR 2015 IN MW

7,577 20140.4% 200531.4%HOURLY MAXIMUM

2014

20053,853 2.8%50.6%HOURLY MINIMUM

7,106 201420050.4%45.2%HOURLY MAXIMUM DURING PEAK HOURS

The average annual growth of the maxi-mum hourly demand in the SIC has been 2.8% since 2005.

http://www.cdecsic.cl/

33


Meanwhile, the maximum hourly demand in the SING was registered on October 9th, reaching 2,290 MW, which is 4.4% higher than the value recorded on December 26th, 2014 and 49.4% higher than 2005.

EVOLUTION OF SING HOURLY DEMAND IN MW

20092005 20102006 20112007 20122008 2013 2014 2015

1,533

1,676 1,665

1,773 1,784

1,900

2,003 2,013 2,024

2,195

1,0071,061

1,1811,237 1,250 1,213 1,231

1,407 1,409

1,5211,566

1,676 1,690

1,805 1,8161,877

2,002 2,0162,060

2,195 2,2902,290

1,523

MAXIMUM HOURLY DEMAND MINIMUM HOURLY DEMAND MAXIMUM HOURLY DEMAND DURING PEAK HOURS

Source: CDEC SING

VARIATION IN SING ANNUAL DEMAND FOR 2015 IN MW

2014

20052,290 4.4%46.2%HOURLY MAXIMUM

2014

20051,523 0.1%51.2%HOURLY MINIMUM

2,290 20144.4% 200549.4%HOURLY MAXIMUMDURING PEAK HOURS

The average annual growth of the maxi-mum hourly demand in the SIC has been 3.9% since 2005.

http://www.cdecsing.cl/

34


05. HYDROLOGY

Due to the hydro-thermal nature of the Central Interconnected System, which features large hydroelectric (reservoir) plants with for regulation in different periods of time and thermal plants (as well as other technol-ogies), the use of reservoir water must be optimized in order to minimize the total cost of supplying the sys-tem. For this reason, we provide information below from monitoring and recording the important variables associated with hydrology, such as rainfall, and the operational status of infrastructure of the hydroelectric plants in relation to the respective reservoir levels, volumes and estimated energy available.

ELEVATION OF MAIN DAMS IN METERS ABOVE SEA LEVEL [masl]

According to information provided by the CDEC SIC, here we introduce the height above sea level for some of the reservoirs, lakes and lagoons in the international unit “meters above sea level (m.s.n.m.)”. Here is the evolution for the period between 2005 and 2015.

RESERVOIR COLBÚN

2014

2005422 0.3%-1.8%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

429431

418

427

422 422

425

420 419 420

422

RESERVOIR MELADO

2005

2014644 -0.2%0.0%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

646 646

644 644

642

643

644 643

644 644

644

35


RESERVOIR RALCO

707 2014-0.3% 2005-0.9%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

714 718

702 706

711

703 705 705 704

710 707

RESERVOIR RAPEL2014

2005103 0.3%-0.6%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

104 104 102 103 102 102 103 104 103 103

103

CHAPO LAKE

2014

2005229 0.1%-2.6%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

235 240

230 228 227 228 226 229 229 229

229

LAJA LAKE

2014

20051,319 0.4%-1.2%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

1,334 1,343

1,340 1,333 1,332

1,327 1,319 1,318

1,311 1,314

1,319

S

Source: CDEC SIC


36


LA INVERNADA LAKE

1,301 20140.3% 2005-0.3%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

1,305 1,315

1,300 1,294 1,295 1,297

1,288 1,293 1,292

1,298

1,301

Source: CDEC SIC

VOLUMES IN MAIN DAMS IN hm3

From the height above sea level reported by the CDEC-SIC, has been calculated the volmune of water contained in reservoirs, lakes and lagoons relevant, considering the hydrologycal characteristics of each one of them. Fol-lowing is the evolution for the period between 2005 and 2015 in hm3.

RESERVOIR COLBÚN

2014

2005992 4.1%-20.7%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

1,251 1,333

899

1,163

959 988 1,084

914 916 952

992

RESERVOIR MELADO

2014

2005118 0.2%-4.8%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

124 126

117 119 119

113

117

114 116

118 118


37


RESERVOIR RALCO

2014

2005729 -6.2%-17.3%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

881 991

610 678

805

626 676 674 657 777

729

RESERVOIR RAPEL

2014

2005380 4.5%-10.1%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

422 438

310 377

334 299

349 407

350 363 380

CHAPO LAKE

2014

2005401 4.3%-41.6%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

686

935

467 372

314 378

292

405 396 384

401

LAJA LAKE

2014

2005970 47.5%-54.7%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

2,142

2,882

2,601

2,024 1,909

1,555

991 935

498 658

970

Source: CDEC SIC


38


LA INVERNADA LAKE

2014

200578 31.2%-21.7%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

100

151

75

42 50

63

25 41

34

60

78

Source: CDEC SIC

ENERGY IN DAMS MWh

Considering both variables already presented, its possible to estimate the amount of available energy con-tained in reservoirs, lakes and lagoons relevant, considering the hydrologycal characteristics of each one of them. Following is the evolution for the period between 2005 and 2015 in MWh.

RESERVOIR COLBUN

2014

20052636.9%

-29.7%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

375 410

223

337

249 262 303

230 231 246

263

RESERVOIR MELADO

2014

20058 1.7%-25.7%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

11 12

8 8 9

6

8

6 7

8 8


39


RESERVOIR RALCO

2014

2005143 -13.2%-32.4%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

211 260

90 120

177

97 119 118 111

165 143

RESERVOIR RAPEL

2014

200563 4.5%-10.1%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

70 73

52

63 56

50 58

68 58

61

63

CHAPO LAKE

2014

2005221 5.5%-42.8%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

386

534

259 203 171

206 158

220 216 209

221

LAJA LAKE

2014

20051,247 48.3%-55.9%2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

2,826

3,854 3,464

2,661 2,505

2,027

1,274 1,199

633 840

1,247

Source: CDEC SIC


40


LA INVERNADA LAKE

2014

200558 31.3%-21.7%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

74

112

56

31

37 46

18 30

25

44

58

Source: CDEC SIC

RAINFALL STATISTICS IN mm

Finally, from rainfall statistics published by the CDEC-SIC, we can see the evolution of different measurements locations. Here you can see the information for the period between 2005 and 2015 in mm of rain registered.

MOLLES

2014

2005202 210.8%32.9%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

152

61 42

217

96

152

79

12 55 65

202

RAPEL

2014

2005442 -7.2%-27.0%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

605

507

229

498

307 273 297

544

312

476

442


41


SAUZAL

2014

2005499 47.2%-38.0%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

806 750

307

702

559

431

254

462

265 339

499

CIPRESES

2014

20051,288 7.9%-38.1%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

2,079 1,797

688

1,499 1,414

788

1,168 1,079 780

1,193

1,288

PEHUENCHE

2014

20051,446 1.3%-41.2%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

2,458 2,125

786

1,943 1,541

929

1,385 1,101

960

1,428

1,446

PILMAIQUÉN

2014

20051,598 -6.4%-17.2%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

1,930 2,081

1,286 1,697 1,603 1,471 1,502

1,766 1,539

1,706 1,598

Source: CDEC SIC


42


COLBÚN

2014

20051,939 12.9%-39.1%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

3,184

2,610

1,188

1,952 1,913

1,353 1,707 1,577 1,478

1,718

1,939

ABANICO

2014

20051,885 -11.5%-20.5%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

2,370 2,613

1,293

1,951 2,236

1,389 1,697 1,683 1,551

2,128

1,885

PULLINQUE

2014

20051,830 4.1 %-25.5%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

2,457 2,507

1,806 1,985 2,182

1,857 1,801 1,868 1,621 1,759

1,830

43


PANGUE

2014

20052,357 -15.4%-39.1%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

3,870

4,435

2,208

3,135 3,908

2,810 2,762 2,554 2,134

2,785 2,357

CANUTILLAR

3,141 2014-13.5% 2005-26.3%

2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015

4,263 4,415

2,867 3,806

4,190 3,585 3,564 3,730

3,942 3,631

3,141

Source: CDEC SIC


44


06. TRANSMISSION PROJECTS UNDER CONSTRUCTION

As indicated in Article 31 of the Node Price Setting Regulation* (0586/2012), “installations under construction” are de-fined as generation units, transmission lines and electrical substations that have been granted the respective construc-tion permits for civil works or have been granted the order to proceed in the fAPRication and/or installation of the cor-responding electrical or electromagnetic equipment for electricity generation, transmission or transformation.

DETAIL OF ALL THE ELECTRIC TRANSMISSION PROJECTS UNDER CONSTRUCTION

PROJECT DESCRIPTION OWNER STARTING DATE SYSTEM TENSION [KV] POWER [MW]

SE ANCOA SEGUNDO TRANSFORMADOR ANCOA 500/220 KV TRANSELEC OCT-2015 SIC 500/220 750 MVA

PROYECTO ALTO MAIPONUEVOS PAÑOS Y AUTOTRANSFORMADOR 220/110KV EN SE ALFALFAL

AES GENER DEC-2015 SIC 220/110 200 MVA

PROYECTO ALTO MAIPOLÍNEA ALFALFAL - CENTRAL ALFALFAL 2, AMBOS CIRCUITOS

AES GENER DEC-2015 SIC 220 2 X 271 MVA

SE NAHUELBUTA SE NAHUELBUTA 66/13,2KV 16 MVA FRONTEL DEC-2015 SIC 66/13,2 16 MVA

SE PALOMARESLÍNEA CONECTADA EN DERIVACIÓN A LÍNEA CARRERA PINTO-DIEGO DE ALMAGRO, DONDE SE CONECTARÁ LA SE PEDERNALES

MAINSTREAM DEC-2015 SIC 220 100 MW

LÍNEA 23 KV LÍNEA DESDE SE ATACAMA HASTA PLANTA MOLYB MOLYB DEC-2015 SING 23 13 MVA

PAÑO JT4 EN 220 KVEN SE VALDIVIA

PAÑO JT4 EN 220 KV SE VALDIVIA, BARRA PRINCIPAL SECCIÓN 2

SAESA DEC-2015 SIC 220 -

AMPLIACIÓN SE ENCUENTRO

AUMENTO DE CAPACIDAD DE LÍNEA 2X220 CRUCERO-ENCUENTRO Y CAMBIO TTCC SE CRUCERO

TRANSELEC DEC-2015 SING 220 1000 MW

INSTALACIÓN TRANSFORMADOR

INSTALACIÓN DE TRANSFORMADOR 220/23KV, 30MVA EN SE ATACAMA

TRANSELEC DEC-2015 SING 220/13,2 30 MVA

SE DIEGO DE ALMAGRO AMPLIACIÓN SE DIEGO DE ALMAGRO 220 KV TRANSELEC DEC-2015 SIC 220 -

PROYECTO ALTO MAIPONUEVOS INTERRUPTORES EN SE TAP LA LAJA, PARA LÍNEA QUELTEHUES – TAP LA LAJA

AES GENER JAN-2016 SIC 110 -

* Law updated by the DS68/2015.

45



PROYECTO ALTO MAIPOLÍNEA ALFALFAL – MAITENES Y NUEVA ACOMETIDA EN SE MAITENES

AES GENER JAN-2016 SIC 110 2 X 126 MVA

LÍNEA ANCOA - A. JAHUELLÍNEA ANCOA - ALTO JAHUEL 500 KV, TENDIDO SEGUNDO CIRCUITO

ALTO JAHUEL TRANSMISORA DE ENERGÍA

JAN-2016 SIC 500 1400 MW

CAMBIO TRANSFORMADORES N° 5 Y N° 6

REEMPLAZO TRANSFORMADORES N°5 Y N°6 DE LA SUBESTACIÓN 10, DIVISIÓN CHUQUICAMATA

CODELCO JAN-2016 SING 100 -

SE ANCOA AMPLIACIÓN SE ANCOA 500 KV TRANSELEC JAN-2016 SIC 500 -

SE CHARRÚAAMPLIACIÓN SE CHARRÚA 500 KV Y CAMBIO INTERRUPTOR PAÑOS ACOPLADORES 52JR1, 52JR2, 52JR3

TRANSELEC JAN-2016 SIC 500 -

AMPLIACIÓN SE LAGUNASBANCO DE CONDENSADORES DE 60 MVAR Y CAMBIO TTCC PAÑOS J1 Y J2

TRANSELEC MAR-2016 SING 220 -

SE TARAPACÁBARRA SECCIONADORA EN 220KV EN LA SE TARAPACÁ

TRANSELEC MAR-2016 SING 220 -

SE POLPAICOAMPLIACIÓN SE POLPAICO 500 KV Y CAMBIO INTERRUPTOR PAÑO ACOPLADOR 52JR

TRANSELEC APR-2016 SIC 500 -

REEMPLAZO PAÑOS TRANSFORMADORES 11 Y 12

REEMPLAZO PAÑOS TRANSFORMADORES 11 Y 12 DE LA SE 10-A, DIVISIÓN CHUQUICAMATA

CODELCO MAY-2016 SING 100 -

LÍNEA PUNTA CORTÉS - TUNICHE

LÍNEA PUNTA CORTÉS - TUNICHE TRANSELEC MAY-2016 SIC 220 -

ENERGY WATER SUPPLY (EWS)

AMPLIACIÓN SE COLOSO Y SE O'HIGGINSMINERA ESCONDIDA

JUN-2016 SING - -


NUEVA SE HPPS2, SE HPPS3 Y SE HPPS4MINERA ESCONDIDA

JUL-2016 SING - -

PROYECTO E6REEMPLAZO DE TRAMO DE LÍNEA DE 69KV Y NUEVO DE PATIO DE MANIOBRAS EN SE ESTE 6

MINERA ESCONDIDA

JUL-2016 SING 69 -

SE LAGUNASCONEXIÓN EN SE LAGUNAS MEDIANTE DOS PAÑOS DE 220KV

RIJN CAPITAL JUL-2016 SING 220 -


LÍNEA O'HIGGINS - COLOSOMINERA ESCONDIDA

AUG-2016 SING - -

SISTEMA DE TRANSMISIÓN SE RÍO TOLTÉN Y SE MELIPEUCO

LÍNEA MELIPEUCO-PITRUFQUÉN ENTRE SE RÍO TOLTÉN Y SE MELIPEUCO

LATIN AMERICAN POWER

SEPT-2016 SIC 110 120 MW


SECCIONAMIENTO LÍNEA ATACAMA - DOMEYKO, PARA SE HPPS2, SE HPPS3 Y SE HPPS4

MINERA ESCONDIDA

SEPT-2016 SING - -

46



LÍNEA MAITENCILLO - CARDONES

AUMENTO DE CAPACIDAD DE LÍNEA MAITENCILLO - CARDONES 1X220 KV

TRANSELEC SEPT-2016 SIC 220 260 MW

SE PUNTA SIERRANUEVA SE PUNTA SIERRA, ENTRE LAS SE LAS PALMAS Y PAN DE AZÚCAR

PACIFIC HYDRO DEC-2016 SIC 220 87 MW

ALTO MAIPO SE ALTO MAIPO AES GENER JAN-2017 SIC - -

LÍNEA CARDONES - DIEGO DE ALMAGRO

TENDIDO SEGUNDO CIRCUITO LÍNEA CARDONES - DIEGO DE ALMAGRO CON SECC. EN SE CARRERA PINTO

ELETRANS JAN-2017 SIC 220 290 MW

SE CARRERA PINTOSECCIONAMIENTO BARRA PRINCIPAL CARRERA PINTO

TRANSELEC JAN-2017 SIC - -

SE CIRUELOS AMPLIACIÓN SE CIRUELOS 220 KV TRANSELEC JAN-2017 SIC 220 -

SE ITAHUE NUEVO TRANSFORMADOR 220/66/13,8KV TRANSELEC JAN-2017 SIC 220/66/ 13,8 100 MVA

SE ALTO JAHUEL SECCIONAMIENTO BARRAS 500KV SE ALTO JAHUEL TRANSELEC FEB-2017 SIC 500 -

SE ANCOA SECCIONAMIENTO BARRAS 500 KV SE ANCOA TRANSELEC FEB-2017 SIC 500 -

SE CHARRÚA SECCIONAMIENTO BARRAS 500 KV SE CHARRÚA TRANSELEC FEB-2017 SIC 500 -

SE RAHUE SECCIONAMIENTO COMPLETO EN SE RAHUE TRANSELEC FEB-2017 SIC - -

NUEVA LÍNEA ENCUENTRO - LAGUNAS

NUEVA LÍNEA 2 X 220 KV ENCUENTRO - LAGUNAS, PRIMER CIRCUITO

INTERCHILE APR-2017 SING 220 290 MW

SEGUNDO CIRCUITO LÍNEA ENCUENTRO - LAGUNAS

TENDIDO SEGUNDO CIRCUITO LÍNEA 2 X 220 KV ENCUENTRO - LAGUNAS

INTERCHILE APR-2017 SING 220 290 MW

SE SAN ANDRÉS AMPLIACIÓN SE SAN ANDRÉS SAN ANDRÉS APR-2017 SIC - -

SE TEMUCO AMPLIACIÓN SE TEMUCO TRANSELEC MAY-2017 SIC - -

LÍNEA MEJILLONES - CARDONES

LÍNEA DE INYECCIÓN ENTRE SUBESTACIONES LOS CHANGOS-CUMBRES-NUEVA CARDONES

TEN JUN-2017 SIC 500 1500 MW

47



SE ALTO JAHUELCAMBIO DE INTERRUPTORES 52JS, 52JCE1, 52J6, 52JZ3 Y 52J7 EN S/E ALTO JAHUEL 220 KV

TRANSELEC AUG-2017 SIC 220 -

SE CARDONES AMPLIACIÓN SE CARDONES 220 KV TRANSELEC AUG-2017 SIC 220 -

SE CARRERA PINTO AMPLIACIÓN SE CARRERA PINTO TRANSELEC AUG-2017 SIC 220 -

SE CHARRÚACAMBIO DE INTERRUPTORES 52JT5,52JT6 Y 52J15 EN SE CHARRÚA 220 KV


SE CHARRÚACAMBIO DE INTERRUPTORES 52J23 Y 52J3 EN S/E CHARRÚA 220 KV


SE ALTO JAHUELCAMBIO DE INTERRUPTORES 52J3 Y 52J10 EN SE ALTO JAHUEL 220 KV

COLBÚN TRANSMISIÓN

OCT-2017 SIC 220 -

SE PUENTE NEGRO NUEVA S/E SECCIONADORA PUENTE NEGRO 220 KVCOLBÚN TRANSMISIÓN

OCT-2017 SIC 220 -

SE CARRERA PINTOSECCIONAMIENTO DEL CIRCUITO N°1 CARDONES - DIEGO DE ALMAGRO EN SE CARRERA PINTO

ELETRANS OCT-2017 SIC - -

LÍNEA CARDONES-MAITENCILLO

NUEVA LÍNEA CARDONES-MAITENCILLO 2 X 500 KV INTERCHILE DEC-2017 SIC 500 2 X 1.700 MW

LÍNEA MAITENCILLO-PAN DE AZÚCAR

NUEVA LÍNEA MAITENCILLO-PAN DE AZÚCAR 2 X 500 KV

INTERCHILE DEC-2017 SIC 500 2 X 1.700 MW

SE NUEVA CHARRÚASUBESTACIÓN NUEVA CHARRÚA, SECCIONAMIENTO DE LÍNEAS 2X500 KV CHARRÚA–ANCOA

TRANSELEC DEC-2017 SIC 220 -

LÍNEA PAN DE AZÚCAR-POLPAICO

NUEVA LÍNEA PAN DE AZÚCAR-POLPAICO 2 X 500 KV INTERCHILE JAN-2018 SIC 500 2 X 1.700 MW

SE NUEVA CARDONES BANCO AUTOTRANSFORMADORES 500/220 KV INTERCHILE JAN-2018 SIC - 750 MVA

SE NUEVA MAITENCILLO BANCO AUTOTRANSFORMADORES 500/220 KV INTERCHILE JAN-2018 SIC 500/220 750 MVA

SE NUEVA PAN DE AZÚCAR BANCO AUTOTRANSFORMADORES 500/220 KV INTERCHILE JAN-2018 SIC 500/220 750 MVA

SE ALTO JAHUELTERCER BANCO DE AUTOTRANSFORMADORES 500/220 KV, 750 MVA

TRANSELEC JAN-2018 SIC 500/220 750 MVA

48



NUEVA LÍNEA KAPATUR – LOS CHANGOS

NUEVA LÍNEA 2X220 KV 1500 MW ENTRE SE LOS CHANGOS Y SE KAPATUR

TRANSELEC (*) JAN-2018 SIC-SING 220 1500 MW

LÍNEA CARDONES – CARRERA PINTO – DIEGO DE ALMAGRO

AUMENTO DE CAPACIDAD DE LA LÍNEA 1X220 KV CARDONES - CARRERA PINTO - DIEGO DE ALMAGRO

TRANSELEC/ SAN ANDRÉS

JAN-2018 SIC 220 -

LÍNEA CHARRÚA - ANCOALÍNEA CHARRÚA - ANCOA - 2X 500 KV: PRIMER CIRCUITO

CHARRÚA TRANSMISORA DE ENERGÍA

FEB-2018 SIC 500 1 X 1.700 MW

NUEVA SE DIEGO ALMAGROSUBESTACIÓN SECCIONADORA NUEVA DIEGO DE ALMAGRO

CELEO REDES (*) APR-2018 SIC - -

LÍNEA CIRUELOS - PICHIRROPULLI

NUEVA LÍNEA 2X 220 CIRUELOS-PICHIRROPULLI: TENDIDO DEL PRIMER CIRCUITO

ELETRANS MAY-2018 SIC 220 1 X 290 MW

LÍNEA CIRUELOS - PICHIRROPULLI

TENDIDO SEGUNDO CIRCUITO LÍNEA 2X220 KV CIRUELOS - PICHIRROPULLI

ELETRANS MAY-2018 SIC 220 290 MW

LÍNEA A. MELIPILLA-RAPEL NUEVA LÍNEA 1X 220 KV A. MELIPILLA – RAPEL ELETRANS II OCT-2018 SIC 220 1 X 290 MW

LÍNEA LO AGUIRRE – A. MELIPILLA

NUEVA LÍNEA 2X 220 KV LO AGUIRRE – A. MELIPILLA ELETRANS II OCT-2018 SIC 220 1 X 290 MW

NUEVA SE CRUCERO ENCUENTRO

NUEVA SE CRUCERO ENCUENTRO SAESA DEC-2018 SING - -

LÍNEA CRUCERO - ENCUENTRO

EXTENSIÓN LÍNEAS 2X220 KV CRUCERO – LAGUNAS PARA REUBICACIÓN DE CONEXIONES DESDE SE CRUCERO A SE NUEVA CRUCERO ENCUENTRO

TRANSELEC DEC-2018 SING 220 -

SE NUEVA CHARRÚASUBESTACIÓN NUEVA CHARRÚA, NUEVA LÍNEA 2X220 KV NUEVA CHARRÚA - CHARRÚA

TRANSELEC DEC-2018 SIC 220 -

LÍNEA LO AGUIRRE - CERRO NAVIA

NUEVA LÍNEA LO AGUIRRE - CERRO NAVIA 2X220 KV TRANSELEC JAN-2019 SIC 220 2 X 1.500 MW

SE CRUCEROAMPLIACIÓN DE CONEXIONES AL INTERIOR DE LA SE CRUCERO PARA LA REUBICACIÓN A SE NUEVA CRUCERO ENCUENTRO

E-CL JUN-2019 SING - -

SE NUEVA CRUCERO ENCUENTRO

AMPLIACIÓN SE NUEVA CRUCERO ENCUENTRO SAESA JUN-2019 SING - -

LÍNEA CRUCERO - LAGUNAEXTENSIÓN LÍNEA 2X220 KV CRUCERO – LAGUNAS PARA REUBICACIÓN DE CONEXIONES DESDE SE CRUCERO A SE NUEVA CRUVERO ENCUENTRO

TRANSELEC JUN-2019 SING - -

49



SE NUEVA DIEGO DE ALMAGRO, SE CUMBRES

NUEVA LÍNEA 2X220 KV ENTRE SE NUEVA DIEGO DE ALMAGRO - CUMBRES Y BANCO DE AUTOTRANSFORMADORES 1X750 MVA 500/220 KV

CELEO REDES (*) OCT-2019 SIC 500/220 750 MVA

SE ENCUENTRO, SE LOS CHANGOS

NUEVA LÍNEA 2X500 KV 1500 MW ENTRE SE LOS CHANGOS Y SE NUEVA CRUCERO ENCUENTRO, BANCOS DE AUTOTRANSFORMADORES 2X750 MVA 500/220 KV EN SE NUEVA CRUCERO ENCUENTRO, BANCO DE AUTOTRANSFORMADORES 750 MVA 500/220 KV EN SE LOS CHANGOS

TRANSELEC (*) OCT-2020 SING 500, 500/2201500, 750 Y 750 MVA

LÍNEA PICHIRROPULLI – PUERTO MONTT

LÍNEA 2X500 KV PICHIRROPULLI – NUEVA PUERTO MONTT, ENERGIZADA EN 220 KV

PICHIRROPULLI TRANSMISORA DE ENERGÍA

MAY-2021 SIC 220 2 X 660 MW

LÍNEA CRUCERO - LAGUNASEXTENSIÓN LÍNEA 2X220 KV CRUCERO-LAGUNAS PARA REUBICACIÓN DE CONEXIONES DESDE SE CRUCERO A SE NUEVA CRUCERO-ENCUENTRO

TRANSELEC MAY-2019 SING - -

SE NUEVA DIEGO DE ALMAGRO. SE CUMBRES

NUEVA LÍNEA 2X220 KV ENTRE SE NUEVA DIEGO DE ALMAGRO - CUMBRES Y BANCO DE AUTOTRANSFORMADORES 1X750 MVA 500/220 KV

(*) OCT-2019 SIC 500/220 750 MVA

SE ENCUENTRO. SE LOS CHANGOS

NUEVA LÍNEA 2X500 KV 1500 MW ENTRE SE LOS CHANGOS Y SE NUEVA CRUCERO-ENCUENTRO. BANCOS DE AUTOTRANSFORMADORES 2X750 MVA 500/220 KV EN SE NUEVA CRUCERO-ENCUENTRO. BANCO DE AUTOTRANSFORMADORES 750 MVA 500/220 KV EN SE LOS CHANGOS

(*) OCT-2020 SING 500. 500/2201500. 750 Y 750 MVA

LÍNEA PICHIRROPULLI – PUERTO MONTT

LÍNEA 2X500 KV PICHIRROPULLI-NUEVA PUERTO MONTT. ENERGIZADA EN 220 KV

(***) MAY-2021 SIC 220 2 X 660 MW

(*) New awarded trunk works and whose respective Decree sets out the exploitation and execution rights in accordance with Article 97 of DFL No. 4 is currently in progress.

Source: CNE

http://www.cne.cl/

50


07. INSTALLED TRANSMISSION CAPACITY

The installed electricity transmission capacity recorded as of December 31th, 2015 reaches up to 8,454 km in the Interconnected System of Norte Grande (SING), which runs across the region of Arica-Parinacota, Tara-pacá and Antofagasta; and 17,895 km in the Central Interconnected System (SIC), which goes from Paposo Bay (Second Region) to Chiloé Island (Tenth Region). These line kilometers considers main, secondary and additional transmission lines along the national territory.

INSTALLED TRANSMISSION CAPACITY PER INTERCONNECTED SYSTEM

7000 3000 30005000 5000 70001000 10006000 6000 80002000 20004000 40000

SICSING

SICSING

13.2

13.8

23

33

44

66

69

100

110

154

220

345

500

kV

km

0 1336

408 0

5854 7142

0 1218

1430 3699

80 0

231 0

399 3865

0 419

43 164

1 52

7 0

0 0

Source: CNE based in information reported by both CDEC SIC. CDEC SING

TOTAL INSTALLED ELECTRICITY TRANSMISSION CAPACITY PER SYSTEM IN line kms

8,454SING

17,895SIC

http://www.cne.cl/http://www.cdecsic.cl/http://www.cdecsing.cl/

51


08. MARGINAL COSTS

The marginal cost is the variable cost of the most expensive generation unit operating at a specific point in time. In this case, the Quillota 220 kV busbar was used as the reference to obtain the marginal cost in the SIC while the Crucero 220 kV busbar was used as the reference in the SING. The value given for each system cor-responds to the monthly average of hourly marginal costs. In 2015, the average marginal cost in the SIC was 57.3 USD/MWh, -24.4% lower than 2014 and but more than two times the registered value in 2005. In the SING, the average marginal cost was 88.6 USD/MWh, 32% below 2014 but 88% higher than ten years ago.

AVERAGE MARGINAL COSTS EVOLUTION BETWEEN 2005-2015 IN USD/MWh

SING CRUCERO 220 SIC QUILLOTA 220

20092005 20102006 20112007 20122008 2013 2014 2015

47.245.7

169.7204.5

104.8

135.2

182.3188.3

148.7131.0

27.9 36.5

113.0

202.5

110.9

121.3

95.9 85.2 80.4 75.8

88.6

57.3

Source: CDEC SIC, CDEC SING

AVERAGE MARGINAL COSTS VARIATION 2015 IN USD/MWh

2014

200557.3 -24.4%×2.05SING CRUCERO 220

2014

200588.6 -32.4%87.7%SIC QUILLOTA 220

http://www.cdecsic.cl/http://www.cdecsing.cl/

52


09. SHORT-TERM NODE PRICES

Short-term node prices are set twice a year, in May and October. These prices may be indexed monthly, de-pending on the conditions established in the twice-yearly decree that sets node prices for electricity supply. The prices are calculated by the National Energy Commission (CNE) which submits a technical report with the results to the Energy Ministry with it they proceed to set the prices through a decree published in the Of-ficial Bulletin. Following are introduced the short-term node prices evolution, considering the semi-annual indexing for each year.

The node energy price is the average over time of the marginal cost of energy in the electricity system op-erating at the minimum, updated operation and rationing cost. In the case of SIC, it is also considered in the calculation, a set of possible hydrological conditions for pricing horizon evaluated. The node energy price in the SIC in 2015 was 81.2 USD/MWh, a 6.3% below 2014 but more than twice the value registered in 2005. On the other hand, the node energy price for the SING was 57.8 USD/MWh, 20.7% lower compared to 2014 but 75.7% higher to node energy price in 2005.

SHORT-TERM NODE ENERGY PRICE EVOLUTION BETWEEN 2005-2015 IN USD/MWh

20092005 20102006 20112007 20122008 2013 2014 2015

32.9

41.8

58.0

100.9 115.794.3

90.782.7

77.1 72.9

95.9 88.4

35.3

50.3

61.9 80.6

95.5 93.4 91.386.7

81.2

SING SIC

57.8

Source: CNE

SHORT-TERM NODE ENERGY PRICE VARIATION 2015 IN USD/MWh

2014

200581.2 -6.3%×2.30SIC

2014

200557.8 -20.7%75.7%SING

http://www.cne.cl/

53


The node power price is the annual marginal cost of increasing the installed capacity of the electricity sys-tem taking into consideration the most economic generation plants, required to supply additional capacity during the annual maximum hourly demand of the electricity system, increased by a percentage equal to the theoretical capacity reserve margin of the system. The power node price in the SIC was 12,214 USD/MW in 2015, which represented an increase of 25.7% in comparison to 2014 and of 89.4% since 2005. In the case of SING system, this value was of 8,201 USD/MW, 1.4% higher than in 2014 and 30.7% higher than the node power price in 2005.

SHORT-TERM NODE POWER PRICE EVOLUTION BETWEEN 2005-2015 IN USD/MWh

20092005 20102006 20112007 20122008 2013 2014 2015

SING SIC

6,450

7,588

8,433 8,345 8,4378,686

9,946

10,828

9,994

9,717

12,214

6,275 6,8517,113

7,544

8,3188,642

9,049 8,833 8,7698,084

8,201

Source: CNE

SHORT-TERM NODE POWER PRICE VARIATION 2015 IN USD/MWh

2014

20058,201 1.4%30.7%SING

2014

200512,214 25.7%89.4%SIC

http://www.cne.cl/

54


10. AVERAGE MARKET PRICE

The average market price (AMP) for each system is based on the average price of free customer contracts and long-term supply contracts held by distribution companies as applicable, reported to the National En-ergy Commission by the distribution companies operating in the Norte Grande Interconnected System and the Central Interconnected System. The AMP calculation takes into consideration a four-month window ending with the third month prior to the AMP publication date.

AVERAGE MARKET PRICE EVOLUTION WITHIN THE YEARS 2005 - 2015 IN USD/MWh

2009 20102006 20112007 20122008 2013 2014 2015

5064

112

151

116123 120

105

112

5164

95103

87

109 115

109

111 100

107

SING SIC

Source: CNE

VARIATION IN AVERAGE MARKET PRICE USD/MWh

100 20142005-10.6%99.5%SING

2014

2005107 -3.7%×2.10SIC

http://www.cne.cl/

55


11. TENDER AND POWER SUPLLY PRICES

Complying with the objective set in the Energy Agenda, during 2015 the Government had a successful ener-gy power supply tender process for regulated customers, reducing by nearly 40% the average price awarded compared to the tender process made in 2013. Also is important to highlight both, the increment of com-panies participating in this tender which reached up to 38 and the incorporation of more Non-Conventional Renewable Energy (NCRE) to the future energy supply in Chile.

This process was led by the National Energy Commission (CNE), in the framework of the new Electricity Law (No. 20,805) and its modification to the Power Supply Tenders regulation which gave greater certainty and confidence to companies and investors.

The new legislation favors an open bidding scheme, not discriminatory and with lower investment risks; which promotes the entry of new local actors and/or opens Chile to the foreign market, allowing the en-trance of various projects and generation technologies by increasing the competitiveness of the tender process and its results.

EVOLUTION OF PRICES OFFERED IN ELECTRIC POWER TENDERS

USD/

MW

h

GWh

TENDERED TOTAL ENERGY IN GWh NOMINAL OFFERED PRICE IN US$/MWh

INDEXED PRICE IN NOV-2015 IN USD/MWh

160

140

120

100

80

60

40

20

0

14,000

12,000

10,000

8,000

6,000

4,000

2,000

0

61

53

13,206

6461

7,500

113

104

8,756

90

90

2,200

97

131

1,172

105

129

3,900

100

108

12,705

8079

1,200

2006 2007 2008 2010 2012 2013 2014 2015

Source: CNE

VARIATION OF NOMINAL TENDER PRICES OFFERED IN USD/MWh

79.3 49.6% 2006-38.5% 2013NOMINAL OFFERED PRICE

http://www.cne.cl/

56


12. AVERAGE NODE PRICE

The average node price is estimate by the CNE and considers: the power and energy supply contracts (PNLP) between distributors and their energy suppliers, and the energy consumption projections of the regulated customers in a defined time. In addition, this estimation calculates the adjustment or surcharge that displays the variation of the energy prices between different distributors and delimit them so none of them exceed 5% of the distributors´ average price (as indicated in article 157 of DFL No. 4). Finally, sub-transmission sur-charges are added to get the final equivalent price (Pe and Pp) in the primary substation, which is different for each company and sub-transmission system.

For regulated customers in the Central Interconnected System and Norte Grande Interconnected System, the Pe (energy equivalent price) is the node price that is used by the energy distribution public concession-aires in their fare calculations which it is determined by each one of them and the sub-transmission node sector associated, and includes the AR charge (adjustment or surcharge).

AVERAGE ENERGY EQUIVALENT NODE PRICE EVOLUTION BETWEEN 2013-2015 IN CLP/kWh

56

JAN-13 JUL-13 JAN-14 JUL-14 JAN-15 JUL-15 DEC-15

50

70

58

SING SIC

75

70

65

60

55

50

45

40

65

54

Source: CNE

AVERAGE ENERGY EQUIVALENT NODE PRICE VARIATION 2015 IN CLP/kWh

54SING

65 DEC 201412.0%SIC

DEC 2014-23.9%DEC 2013-4.8% DEC 201330.3%

http://www.cne.cl/

57


For regulated customers in to the Central Interconnected System and the Interconnected System of Norte Grande, the Pp (power equivalent price) is the node price that is used by the energy distribution public con-cessionaires in their fare calculations which it is determined by each one of them and industry associated to the sub-transmission system.

AVERAGE POWER EQUIVALENT NODE PRICE EVOLUTION BETWEEN 2013-2015 IN CLP/kW

4,408

7,000

6,000,

5,000

4,000

4,9335,273

5,917

SING SIC

6,213

6,901

JAN-13 JUL-13 JAN-14 JUL-14 JUL-15JAN-15 DEC-15

Source: CNE

AVERAGE POWER EQUIVALENT NODE PRICE VARIATION 2015 IN CLP/kW

2014

20136,901 16.6%39.9%SING

2014

20136,213 17.8%41.0%SIC

http://www.cne.cl/

58


13. MONOMIC PRICE SSMM

According to the Electricity Law, the Intermediate Systems (SSMM) are defined as the electrical systems whose installed generation capacity goes between 1,500 kW and 200 MW. Currently, are registered nine intermediate systems: Cochamó, Hornopirén, Aysén, Palena, General Carrera, Punta Arenas, Puerto Natales, Porvenir and Puerto Williams.

Unlike Interconnected Systems -where fares are based on marginal costs- for each Intermediate System generation-transmission, segment fares (node prices) are determined from an Incremental Development Cost and a total long-term cost, which results from an efficient facilities sizing, necessary to supply the pro-jected demand during the planning horizon, fulfilling completely the current regulations requirements. This determines the generation and transmission prices that will be applied to their regulated customers along those four years and updated every six months (in April and October of each year) and also establishes the mandatory expansion plan.

The actual node prices for energy, power and monomic* –which applies since November 2015- are shown in the following table and correspond to the biannual indexation of node prices for the Intermediate Systems:

ACTUAL NODE PRICES TABLES FOR INTERMEDIATE SYSTEMS AND ANNUAL VARIATION IN CLP/kWH AND CLP/kW-MONTH

NOVEMBER 1TH, 2015

Effective node prices detailed up to November 1, 2015 in CLP/kWh PNE PNP PMON

CONTAINS THE ACTUAL NODE PRICES BY BAR RETIREMENTAS OF NOVEMBER 2015. $/kWh $/kW-mes $/kWh

C-HCOCHAMÓ 127.0 14,547 157.7

HORNOPIRÉN 110.4 9,335 130.1

AYSÉN

AYSÉN 23 60.4 7,729 76.7

PALENA 23 59.0 10,888 81.9

GENERAL CARRERA 23 79.3 14,756 110.4

MAGALLANES

PUNTA ARENAS 13.2 42.6 10,490 64.7

PUERTO NATALES 13.2 62.8 5,862 75.2

PORVENIR 13.2 58.3 7,337 73.8

PUERTO WILLIAMS 196.9 13,877 226.2

NOVEMBER 1TH, 2014

NODE PRICE VARIATION FOR MAINFRAMES BETWEEN 1 NOVEMBER 1ST, 2014 AND NOVEMBER 1ST, 2015 PNE PNP PMON

CONTAINS THE ACCUMULATED VARIATION DURING 2015 CALENDAR, BETWEEN NOVEMBER 2014 (PRICING LAST QUADRENNIAL NOVEMBER 2014-NOVEMBER 2018) AND DECEMBER 2015.

C-HCOCHAMÓ -22% 6% -17%

HORNOPIRÉN -13% 9% -11%

AYSÉN

AYSÉN 23 -12% 9% -8%

PALENA 23 7% 8% 7%

GENERAL CARRERA 23 -19% 6% -13%

MAGALLANES

PUNTA ARENAS 13.2 3% 11% 6%

PUERTO NATALES 13.2 6% 10% 6%

PORVENIR 13.2 5% 8% 6%

PUERTO WILLIAMS -13% 6% -11%

Source: CNE *Total amount equal to a single price for the sale or purchase of energy and power. It’s calculated as the total income or cost per sale or purchase

of energy and power divided by the total energy sold or purchased.

http://www.cne.cl/

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The following graphs show for each medium system the evolution of the monomial price, in comparison to the last quadrennial process which considers the period between November 2014 and November 2018. It’s important to highlight that, for this last rate-setting process, prices were fixed in decrees 1T, 4T, 5T and 6T (all from the Ministry of Energy in 2015).

105

100

95

90

85

JAN-13 DEC-13JUN-13 JUN-14 DEC-14 JUN-15 DEC-15

MONOMIC PRICE EVOLUTION AYSÉN-PALENA-GENERAL CARRERA IN CLP/kWh


1.050

1.030

1.010

0.990

0.970

0.950

0.930

MONOMIC PRICE INDEX* EVOLUTION AYSÉN-PALENA-GENERAL CARRERA

NOV-14

Source: CNE

MONOMIC PRICE VARIATION AYSÉN-PALENA-GENERAL CARRERA IN CLP/kWh

89.2 DEC 2013-7.0% DEC 2014-6.3%DEC 2015

-6.7%BASE NOV -14

72

67

62

1.050

1.030

1.010

0.990

MONOMIC PRICE EVOLUTION PUNTA ARENAS-PUERTO NATALES-PORVENIR IN CLP/kWh

MONOMIC PRICE INDEX EVOLUTION PUNTA ARENAS-PUERTO NATALES-PORVENIR

JAN-13 DEC-13JUN-13 JUN-14 DEC-14 JUN-15 DEC-15 JAN-13 DEC-13JUN-13 JUN-14 DEC-14 JUN-15 DEC-15NOV-14

Source: CNE

MONOMIC PRICE VARIATION PUNTA ARENAS-PUERTO NATALES-PORVENIR IN CLP/kWh

71.3 DEC 20139.5% DEC 20145.2%DEC 2015

6.1%BASE NOV - 14

* The blue line -value of 1 (constant) - represents the relationship between the monthly indexer and the one cal-culated twice a year in May and November. Therefore, for those months, the indexer has value 1 and is used as a reference for the rest of the year.

http://www.cne.cl/http://www.cne.cl/

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1.0601.0401.0201.0000.9800.9400.9200.9000.880

MONOMIC PRICE INDEX EVOLUTIONCOCHAMÓ-HORNOPIRÉN


170

165

160

155

145

140

MONOMIC PRICE EVOLUTION COCHAMÓ-HORNOPIRÉN IN CLP/kWh

NOV-14

Source: CNE

MONOMIC PRICE VARIATION COCHAMÓ-HORNOPIRÉN IN CLP/kWh

DEC 2013

DEC 2014142.4 -5.5%-14.7%DEC 2015

-15.3%BASE NOV - 14

300290280270260250240230220

MONOMIC PRICE EVOLUTION PUERTO WILLIAMS IN CLP/kWh

1.050

1.030

1.010

0.990

0.970

0.950

0.930

0.910

MONOMIC PRICE INDEX EVOLUTION PUERTO WILLIAMS

NOV-14JAN-13 DEC-13JUN-13 JUN-14 DEC-14 JUN-15 DEC-15 JAN-13 DEC-13JUN-13 JUN-14 DEC-14 JUN-15 DEC-15

Source: CNE

MONOMIC PRICE VARIATION PUERTO WILLIAMS IN CLP/kWh

DEC 2013

DEC 2014225.5 -16.7%-11%DEC 2015

-11%BASE NOV - 14

http://www.cne.cl/http://www.cne.cl/

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14. VAD INDEXES BY TIPICAL DISTRIBUTION AREA (TDA)

The Added Distribution Value (VAD) is set up every four years by the Ministry of Energy, following a technical report of the CNE and corresponds to the average cost of investment, management, maintenance and op-eration of power distribution grids calculated based on the costs from an efficient business model operator in the country. The VAD has a static component and a variable component, both defined in article 182 from General Electrical Services Law (LGSE). The electricity distribution regulated rates, are indexed monthly both of them -High Voltage Distribution Costs (CDAT) and Low Voltage Distribution Costs (CDBT)- and considers the variation of the following indicators: Chilean Consumer Price Index (IPC), Dollar, Aluminum Price Index (IPAL), Copper Price Index (IPCU), Chilean Industry Producer Price Index (IPP) and International Producer Price Index (PPI).

Thus to the price fall along the latest years –except the dollar and the IPC- the CDBT have increased in rela-tion to the last rate set process which is made in a quadrennial stage November 2012-November 2016.

For further information go to the Decree No. 1T/2012 Distribution Rates Fixing Process 2012-2016

http://www.cne.cl/wp-content/uploads/2015/07/2013_04_02-Decrero-N1T-Tarifas-de-distribuci%C3%B3n-DO.pdf

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For each of the typical distribution area, you can follow the evolution of the CDAT indexes:

CDAT INDEX EVOLUTION BY TYPICAL DISTRIBUTION AREA BETWEEN JANUARY 2012 AND DECEMBER 2015

JAN-12 JAN-14JUL-12 JUL-14JUL-13 JUL-15DEC-12 DEC-14DEC-13 DEC-15JAN-13 JAN-15

TDA 1 TDA 3 TDA 4 TDA 5 TDA 6TDA 2

1.11

1.09

1.07

1.05

1.03

1.01

0.99

0.97

0.95

Source: CNE

CDAT INDEX VARIATION BY TYPICAL DISTRIBUTION 2015

1.103 10.3%2.9%

TDA 4

BASE JAN 2012

DEC 2014

1.106 10.6%2.8%

TDA 6

BASE JAN 2012

DEC 2014

1.098 9.8%2.7%

TDA 5

BASE JAN 2012

DEC 2014

1.071 BASE JAN 2012DEC 2014

7.1%

3.3%TDA 1

BASE JAN 2012

DEC 2014

1.087 8.7%2.4%

TDA 3

BASE JAN 2012

DEC 2014

1.104 10.4%2.8%

TDA 2

http://www.cne.cl/

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For each of the typical distribution area, you can follow the e volution of the CDBT indexes:

CDBT INDEX EVOLUTION BY TYPICAL DISTRIBUTION AREA BETWEEN JANUA

Documents

STATISTICAL YEARBOOK CHILE - cne.cl · , also created by the CNE and which obtained this year the second place –of a total of 241 projects- at the contest “Desafío Inno - vación”,