The Latin American electricity market has ushered in a breakthrough policy change, with Chile officially launching a new large-scale electricity procurement tender, breaking for the first time the traditional model of energy storage relying on new energy support. The scale of this bidding is huge and the rules are reformed, which not only reshapes the local clean energy competition pattern, but also sets a new benchmark for the development of the entire Latin American energy storage industry.

New regulation reform

The Chilean National Energy Commission has released a new tender announcement for electricity supply, with an annual planned procurement of 2835GWh, accounting for over 10% of the country's annual electricity consumption. The biggest highlight of this bidding is that for the first time, the energy storage system has been granted independent bidding qualifications. After being connected to the grid, the energy storage power station can participate in bidding as a separate performance asset, without the need to match with photovoltaic and wind power generation equipment. It relies on services such as peak shaving, frequency regulation, and backup power supply to achieve market-oriented profitability. At the same time, the bidding process will completely eliminate highly polluting units such as coal-fired and oil fired power plants, and only allow various clean energy sources to participate in the competition, further accelerating the green upgrading of the power industry.

market opportunity

As a pioneer in the market-oriented reform of electricity in Latin America, Chile's policy innovation has strong regional demonstration value and is expected to drive neighboring countries such as Peru, Colombia, and Brazil to lift energy storage access restrictions, continuously activating the potential of the Latin American energy storage market. At present, Chile's domestic energy storage manufacturing capacity is weak, and its core equipment is highly dependent on imports, providing vast space for overseas energy storage enterprises to go global. Keywords: electricity bidding, independent marketization of energy storage

At the same time, the price fluctuations in the local electricity spot market are severe, which puts higher demands on bidding enterprises' electricity price prediction, charging and discharging strategies, and risk management capabilities. The trend of industry specialization competition is becoming increasingly evident. This large-scale clean energy bidding will continue to optimize Chile's power structure, improve the construction of new power systems, and promote the acceleration of regional energy low-carbon transformation.Editor/Min Jing