A coalition of three renewable associations in Chile launched a joint assertion expressing “deep concern and opposition” to the Chilean authorities’s proposals to scale back revenues for distributed technology.
From pv journal LatAm
The Chilean Ministry of Energy is contemplating decreasing the feed-in tariff for distributed technology (PMGD) for the aim of elevating funds for the extension of electrical energy subsidies.
The Chilean Association of Renewable Energy and Storage (Acera), the Chilean Solar Energy Association (Acesol) and the Association of Small and Medium Generators (GPM AG) responded in a joint assertion through which they “specific their deep concern and opposition to new proposal”. The coalition mentioned the proposal “considerably adjustments the PMGD remuneration scheme by taking, via an arbitrary mechanism, revenues from tasks with investments made already”.
“We perceive and share the priority concerning the enhance in electrical energy tariffs and the necessity to discover options that profit customers,” the assertion continued. “However, synthetic interventions create extra issues than options”.
“The synthetic intervention within the costs of electrical energy provide contracts awarded in public tenders has created uncertainty and distrust amongst those that finance the event of vitality tasks in Chile, as a result of it impacts the good which is a singular function that distinguishes Chile, authorized and regulatory stability,” added the coalition. “This new measure will worsen the notion of regulatory danger, alienating or making future investments and financing within the vitality sector dearer, with a consequent enhance in vitality costs”.
The associations defined that the vitality sector is the second largest attraction of overseas investments in Chile within the nation and subsequently “wants investments and financing of capital-intensive property with an extended helpful life” , including “the soundness and predictability of the regulatory framework is crucial to appreciate these investments.”
They additionally warned that the transfer “may very well be the ultimate blow for a lot of builders of distributed technology tasks, their financing banks, the related business and, most significantly, for these households whose supply of employment is dependent upon them.”
“It is essential to seek out alternate options that don’t compromise the soundness of the market, the competitiveness of the nation, the boldness of buyers and financiers, and eventually, most significantly, the worth of vitality in the long run”, the assertion graduated.
The associations urge the authorities “to increase the spectrum of sensible options that don’t hurt the soundness of the renewable vitality business and, consequently, search to protect the rising competitiveness of the sector for the advantage of these households in Chile”, warned that this explicit step “might have critical penalties for the nation’s economic system”.
The Technical Committee of Energy in Chile, which analyzes the enlargement of the electrical energy tariff subsidy, met to debate the problem on August 2. Among those that participated had been the Minister of Energy of Chile, Diego Pardow, and the manager administrators of Acera, Acesol and GPM.
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