Energy Market Newsletter for Chile and Peru – September 2023

Chile y Perú - 09 / 26 / 2023

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We are pleased to showcase the main legal and market developments for the energy sector in Chile and Peru. Garrigues teams focused on Energy in Chile and Peru address topics of interest to sponsors, developers, financiers and other stakeholders in the sector, such as draft bills, summaries of new laws, relevant case law and trends in the project financing market.

I. Draft laws

Peru:

Two bills have been presented to Congress to allow micro and small businesses to negotiate electricity prices
A Draft Legislative Resolution on the promotion of infrastructure for the export of surplus electricity to the Federative Republic of Brazil is being processed
Congress evaluates bill to prioritise wave energy investment projects

Chile:

Developments with regard to the Energy Transition Bill

II. Relevant approved rules

Peru:

Ministry of Energy and Mines approves roadmap on smart grids
Supplementary provisions to the Detailed Environmental Plan (PAD) on electricity are introduced

Chile:

The National Energy Commission issues a price report for regulated customers that considers a relevant increase in the consumption of customers over 500 KWh (monthly average)
Draft technical standard on quality of service for electricity distribution is published
A new process for the revision of the technical safety regulations for the operation of wind and photovoltaic power plants of the National Electricity System is initiated

III. Relevant administrative or judicial case law

Chile:

The Supreme Court orders to continue the investigation against the National Energy Commission regarding the infringement of free competition law regarding the dispatch of plants operating with regasified LNG