Chile’s Congress has begun the process to review a proposal for a number of important modification to the country’s electric transmission laws. Chileans today pay some of Latin America’s highest rates for their power, due among other things to an uncompetitive energy transmission sector, as well as a poor supply, frequent choking points and a lack of access to clean energy alternatives.
The new laws being discussed have been proposed by the Government in order to tackle these problems. However, critics have said the proposal is but an excuse to increase the government’s control over the electric sector. Proposed modifications increase the role of the State in the country’s energy planning, the expansion of the transmission grid and in the drawing of routes for power lines. Until only recently, the development of the country’s electric industry had been determined almost exclusively by private sector initiative.
The new law will promote competition in power generation, allowing for greater transmission capacity and easing the entry of new power generators into the market. The proposal would also create a new independent agency tasked with coordinating the National Electric System.
Finally, the new transmission laws would also increase transparency in transmission costs for consumers, setting up a new mechanism for allowing greater ease of access to renewable energies into the grid by allowing remuneration for small producers, in keeping with global trends.
Full Content: El Economista América
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
Subscribers Defend $4.7 Billion Antitrust Verdict Against NFL in Court Filings
Jul 19, 2024 by
CPI
Von der Leyen Calls for Competition Policy to Boost EU Companies’ Growth
Jul 19, 2024 by
CPI
Vermont AG Sues Pharmacy Benefit Managers Over Drug Prices
Jul 18, 2024 by
CPI
Australians Face Increased Stamp Prices Following ACCC Approval
Jul 18, 2024 by
CPI
Live Nation Seeks Dismissal of DOJ Antitrust Allegations
Jul 18, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Private Equity Roll-Up Schemes
Jun 28, 2024 by
CPI
The FTC’s Focus on Private Equity is Warranted
Jun 28, 2024 by
CPI
Unraveling the Roll-Up: Private Equity’s Misunderstood Investment Strategy
Jun 28, 2024 by
CPI
Antitrust Focus on Private Equity Funds and Serial Acquisitions
Jun 28, 2024 by
CPI
Private Equity Roll-Ups Amidst Heightened Antitrust Enforcement
Jun 28, 2024 by
CPI