Chilean Electricity Introduction
As of August 2020 Chile had diverse sources of electric power: for the National Electric System, providing over 99% of the county's electric power, hydropower represented around 26. This paper analyzes the current situation, the reform process, and the operation mechanism of the electricity market in Chile, Focused on the characteristic mechanisms and policies in Chile's energy transition. Chile's electrical energy sector is divided into three components: generation, transmission, and distribution. Electricity can be generated in two main ways: by harnessing the heat from burning fuels or nuclear reactions in the form of steam (thermal power) or by capturing the energy of natural forces such as the sun, wind or moving water. Chile has undeniably positioned itself as a regional leader in solar and wind energy development over the last decade, and the figures ratify the country's "green seal": 68% of the energy Chile generated in 2024 came from renewable sources.
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