Chile renewable auction hits record low prices, easing pressure on La Moneda

Chile's latest electricity auction for regulated customers closed at an average of US$23.78/MWh, with offers as low as US$13.32, all from 100% renewable sources starting 2026. The low prices reflect abundant cheap renewable generation, potentially reducing political pressure on the government to intervene in electricity pricing. This development signals a structural shift in Chile's energy market, with implications for consumer bills and policy flexibility.