\n<\/span><\/span><\/li>\n
\n<\/span><\/span><\/li>\n
[\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][\/vc_column][vc_column width=\u00bb3\/4″][vc_column_text]<\/p>\n
4.5. Non-Conventional Renewable Energy Law (Law 20.257 and Law 20.698)<\/h1>\n
On April 1, 2008, Law 20.257 entered into force, which established an obligation for electricity companies that a percentage of the energy marketed come from NCRE sources 13<\/span><\/em><\/strong><\/span> and defined a target of 10% a year 2024. However, in October 2013, this was modified to the goal to 20% by 2025 (Law 20.698 of 2013).<\/p>\n Thus, for contracts concluded after August 31, 2007 and before July 1, 2013 (Law 20.257), the obligation was 5% for the years between 2010 and 2014, increasing by 0.5% per year from 2015 until reaching 10% in 2024. However, for contracts entered into after July 1, 2013 (Law 20.698), the obligation was 5% in 2013, with increases of 1% from 2014 until reaching 12% by 2020, and increases of 1.5% from 2021 to 2024, and an increase of 2% to 2025 to reach 20%. The above requirements are presented in Table 6.<\/p>\n Finally, it is important to note that if the target is not met due to lack of investments in renewable projects, the Ministry of Energy must to carry out annual public tenders for the provision of non-conventional renewable energy blocks to cover the part of the missing obligation [27]<\/span><\/span>. However, as will be seen in the next section, given the strong non-conventional renewable penetration in Chile, the tender is very likely that it will not be necessary to carry out these bids.<\/li>\n<\/ul>\n [\/vc_column_text][vc_tta_accordion active_section=\u00bb9″ collapsible_all=\u00bbtrue\u00bb][vc_tta_section i_icon_fontawesome=\u00bbfa fa-compress\u00bb add_icon=\u00bbtrue\u00bb title=\u00bb4.5.1. Compliance with the NCRE obligation\u00bb tab_id=\u00bbcompliancewiththencreobligation\u00bb][vc_column_text]Non-conventional renewable generation has far exceeded the quota imposed by the regulation, as shown in Figure 26. For example, the NCRE quota for 2020 is 8% for the supply contracts entered into between August 31st 2007 and July 1, 2013 and 12% for contracts signed after July 1, 2013. In December 2020, these obligations resulted in a goal of 5377 GWh of NCRE energy. However, the actual and recognized NCRE injection by law was much higher, reaching 14634 GWh, that is, 272% over what was demanded [28]<\/span><\/span>. This surplus in relation to the NCRE obligation has resulted in a price collapse of the NCRE attribute, which is no longer a significant source of project financing. Figure 26 presents the annual obligations NCRE and as these have been systematically surpassed in each year.<\/p>\n Source: Own elaboration from Statistical Yearbook of Energy. CNE<\/span><\/p>\n [\/vc_column_text][\/vc_tta_section][\/vc_tta_accordion][vc_row_inner][vc_column_inner width=\u00bb1\/2″][vc_btn title=\u00bbPrevious\u00bb color=\u00bbgreen\u00bb align=\u00bbleft\u00bb i_icon_fontawesome=\u00bbfa fa-chevron-left\u00bb add_icon=\u00bbtrue\u00bb link=\u00bburl:https%3A%2F%2Fmercadoernc.minenergia.cl%2F%3Fpage_id%3D1372%26lang%3Den|||\u00bb][\/vc_column_inner][vc_column_inner width=\u00bb1\/2″][vc_btn title=\u00bbNext\u00bb color=\u00bbgreen\u00bb align=\u00bbright\u00bb i_icon_fontawesome=\u00bbfa fa-chevron-right\u00bb add_icon=\u00bbtrue\u00bb link=\u00bburl:https%3A%2F%2Fmercadoernc.minenergia.cl%2F%3Fpage_id%3D1374%26lang%3Den|||\u00bb][\/vc_column_inner][\/vc_row_inner][\/vc_column][\/vc_row]<\/p>\n","protected":false},"excerpt":{"rendered":" [vc_row][vc_column width=\u00bb1\/4″][vc_tta_accordion active_section=\u00bb1″ collapsible_all=\u00bbtrue\u00bb][vc_tta_section i_icon_fontawesome=\u00bbfa fa-plus\u00bb add_icon=\u00bbtrue\u00bb title=\u00bbNCRE in Chile\u00bb tab_id=\u00bb1638372901925-a3e8ba3e-14a6″][vc_column_text] 4. The NCRE in the Chilean electricity market 4.1. General context 4.2. Definition of means of NCRE generation 4.3. Overview of stages of project development 4.4. Regulatory framework 4.5. NCRE Law 4.6. Recognition of adequacy power 4.7. Minimum technical requirements 4.8. Information and resources […]<\/p>\n","protected":false},"author":3,"featured_media":0,"parent":1368,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_acf_changed":false,"footnotes":""},"class_list":["post-1373","page","type-page","status-publish","hentry"],"acf":[],"_links":{"self":[{"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/pages\/1373","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1373"}],"version-history":[{"count":25,"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/pages\/1373\/revisions"}],"predecessor-version":[{"id":4359,"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/pages\/1373\/revisions\/4359"}],"up":[{"embeddable":true,"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=\/wp\/v2\/pages\/1368"}],"wp:attachment":[{"href":"https:\/\/mercadoernc.minenergia.cl\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1373"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}![\"\"](\"https:\/\/mercadoernc.minenergia.cl\/wp-content\/uploads\/2021\/08\/Table-6.png\")
Other important provisions of these laws are presented below:<\/p>\n\n
\n
\n
![\"\"](\"https:\/\/mercadoernc.minenergia.cl\/wp-content\/uploads\/2021\/10\/Figure-25.png\")
<\/p>\nFigure 26: Compliance with NCRE laws<\/strong><\/h3>\n
<\/h3>\n