Electricity Prices Soar in Chile: Antofagasta and Iquique Face Highest Increases

Chile Faces Another Electricity Price Hike: Antofagasta and Iquique to Bear the Brunt Chile is bracing for another significant increase in electricity prices. The National Energy Commission recently announced a 7.1% average rise, reflecting a semiannual adjustment to the costs of generating and transmitting power. This increase will disproportionately affect some regions. Data from the USACH Department of Electrical Engineering reveals that Antofagasta will experience the most substantial surge, with an 11.8% increase, followed by Iquique at 10.2%. Other areas will see increases ranging from 7.5% to 9.9%. "This is a serious blow to Chilean families, especially during these challenging economic times," commented one resident of Antofagasta, highlighting the additional strain on household budgets. The impact is expected to be most keenly felt in the winter months when energy consumption for heating increases. While the government attributes the increase to adjustments in production and transmission costs, critics argue that the impact on consumers is too severe. The upcoming increase underscores the need for more transparent and equitable energy pricing policies in Chile. The situation calls for a comprehensive review of the energy sector to ensure affordability and sustainability for all citizens.