2014 Santiago Blog: Chile's Energy Minister Máximo Pacheco
The minister explained how Chile faces challenges in bringing down energy costs.
Chile's Energy Minister Máximo Pacheco said that today Chile could no longer define its position “only through Excel spreadsheets.” Different indicators and factors must be considered, taking into account social and cultural concerns, as well as economic and financial ones.
The Southern Cone country has an energy deficit that explains the very high price of energy for businesses as well as retail consumers. For this reason, said Pacheco, the government lowered entry barriers to the energy generation market to allow new actors and updated technologies to enter Chile’s energy sector.
'Estamos orgullosos de tener una agenda energética que se construyó de forma participativa', dice ministro Pacheco http://t.co/gwlpkvuema
— AS/COA Online (@ASCOA) June 27, 2014
In order for renewables to play the role the government believes they should in Chile’s future, authorities must design regulation that spurs a greater mix of energy sources in the country’s energy matrix, he said. Learn more about Chile’s energy reform plan.
#Chile no tiene gas o petroleo, pero tine mucho solar, agua, y viento- @MinEnergia Pacheco. En vivo: http://t.co/cjC6dNBNCo #PerspectivasCL
— AS/COA Online (@ASCOA) June 27, 2014
Watch a video of Pacheco's remarks.