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Market design for a large share of variable renewable energy in the Chilean national electricity system

P. Rodilla P. Mastropietro I. Herrero T. Gómez C. Batlle

June 2017 - September 2017

Funding entity Generadoras de Chile AG

Participated by Synex, Estudios Energéticos Consultores

The study contain four sections:
1. A detailed literature review of the various international experiences regarding how high levels of VRE penetration into different electric energy markets has been addressed.
2. Identification of market failures that prevent efficient investment in VRE, conventional energy and storage capacity.
3. Identification of best practices of solutions to high penetration of variable and intermittent energies such as the creation of ancillary services or other markets.
4. The report must propose, based on efficient economic criteria and market foundations that currently govern the Chilean electric energy generation sector, a policy that complement and/or modify Chile?s current regulations as well as the sequence and time frames necessary to implement them.

    Research topics:
  • *Energy markets design and regulation

2017 AG Chile

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