4. Searching for Security of Energy Supply Through Renewable Energy Sources: A Practical Overview of the Chilean Case

Within the context of an open economy with a liberalised electricity market, Chile is searching for a regulatory framework and long-term energy policies capable to bring security of energy supply. Therefore, it has implemented a series of reforms and regulations in the field of energy policy capable of bringing long-term stability to reach foreign investment and strategic cooperation that would allow, in the long term, to provide through the implementation of technologies related to Non-Conventional Renewable Energy (NCRE), a native and low-cost source of fuel to achieve energy independence and Security of Energy Supply. So far the efforts have been fruitful and the country has already managed to meet its self-imposed goal of generating 20% of its electricity with NCRE by 2025, while keeping in mind that these advances are only the first part of the road ahead.