New Strategy for the National Electricity Sector

Country	Chile
Year Implemented	2012
Policy Status	In force
Date Effective	28 February 2012
Policy Type	•Policy Processes   •Enhancement of Existing Policy   •Strategic Planning
Policy Target	•Multiple Renewable Energy Sources
Policy Sector	•Framework Policy
Description	In February 2012, Chile implemented the new National Strategy for the Electricity Sector, aimed at expanding the sector capacity, supporting non conventional renewable sources (also called ERNC) and promoting the sustainable financing of the system. The Strategy is build on six main goals namely the strenghtening of the renewable sector, the promotion of energy efficiency, the support to a stronger and sustainable hydropower sector, a great attention to grid expansion and public transmission projects, the creation of a competitive electricity market and eventually the building of regional electricity interconnections to neighbouring countries. The strategy reiterates the target of 10% of national electricity from non conventional renewable sources by 2024, as stated in the regulation ERNC 20, 257, but states that this would be a minimum increase as, to meet the annual electricity consumption growth of 6-7% to 2020, the share of ERNC in the electricity would have to double over the next decade.