This scenario of financial veto to the spot market and the difficulty of obtaining PPPs presents a complex scenario for the development of renewable energy projects in Asia . However, there is an energy commercialization alternative that can be chosen by projects whose capacity is less than or equal to 9 this alternative corresponds to the sale of energy subject to the “Stabilized Price”
The Stabilized Price is a theoretical price whose objective is to be a proxy of short and long-term market prices. The methodology used for its calculation is sufficiently robust to grant temporary stability to the energy injection valuations in the nodes of the Chilean interconnected system, since it corresponds to an average value concordant with the current market prices in that period.
The Stabilized Price is a theoretical price whose objective is to be a proxy of short and long-term market prices”
- That the banks and financiers of the projects are looking for is that the cash flow is as stable as possible to ensure the payment of the debt . ” The Stabilized Price gives exactly this stability sought.
- The calculation of the PNCP depends mainly on the Average Market Price (PMM) and partially on the Basic Price of Energy (PBE). The PMM corresponds to the average of the price of power supply contracts to distributors and large final consumers, that is, it is equal to the average value of the PPAs (public and private) of the market. In contrast, the PBE corresponds to the weighted average of the values estimated by the CNE of the Marginal Cost of energy for the next 48 months in the system.