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Strategy and Regulation
We advise our clients on the formulation of solid market strategies, considering current regulatory frameworks and future industry trends.
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Strategic alliance for sector transformation
We actively participate in market design processes, public policy development, regulatory changes, and consultation processes. Our expertise combines strategic vision, deep technical analysis, and detailed knowledge of Chilean regulation along with international experience.
Technical standard · article XX
Our main services are:
Technical-regulatory studies for the design and formulation of public policies in the energy sector.
Market strategy design for contract structuring, portfolio evaluation, and PPA analysis.
Advisory and representation in regulatory disputes, technical expert reports, and processes before sectoral authorities.
In Chile's power sector, regulation is not the frame within which firms compete: it is one of the variables that decides the outcome. A change to the ancillary services standard, to capacity credit, or to the transmission expansion decree moves a portfolio's revenue as much as a drought does.
This practice exists for two distinct and related things: to anticipate that change before it happens, and to take part in the process that defines it with evidence of our own.
Some of the questions we answer
What does this rule change for me?
Translating a proposed rule — a technical standard, a regulation, an article of law — into its effect on the operation, the revenue and the risk of a specific portfolio.
What supports a position?
A regulatory proposal with no simulation behind it is an opinion. With simulation it is a counterfactual the authority can replicate and argue with.
How is this contract structured?
PPA and portfolio analysis: decoupling risk, the profile of the committed energy, indexation, and the exposure that remains open.
What can be done about a dispute?
Technical expert reports for processes before the Expert Panel, the CNE and the Superintendency.
We do not opine: we simulate
What sets this practice apart is the method. A proposed regulatory change is assessed on the same models used to forecast the market: the rule is implemented as a scenario and its effect is measured on operation, prices, curtailment and investment decisions.
That turns a position into something verifiable. The report does not assert that a measure is worthwhile: it shows how much the system changes with it and without it, with the assumptions in plain sight so the other side can contest them.
A published example
The study on systemic actions for transmission development measured what happens when the real flexibility of coal plants is recognised in operational scheduling. This is not an abstract debate: it is a modelling rule of the system operator with a direct effect on how much renewable energy is curtailed.
Hourly unit commitment simulations for 2023, on a median hydrology of 23 TWh, put base-case curtailment at 11.94% of annual wind and solar energy. Recognising warm and hot starts brings it down to 9.67% and 9.54%. And the theoretical unconstrained case still sits at 8.01%: there is a structural floor no operating rule removes, because in solar hours renewable availability already exceeds demand.
Where the work lands
Public policy design.
Studies commissioned by the Ministry of Energy, trade associations or research centres, which are published and stay in the debate.
Rulemaking and consultations.
Drafting and reviewing amendments to laws, regulations and technical standards, and taking part in the CNE's consultation processes.
Disputes and expert reports.
Technical reports for processes before the Expert Panel and the sector's authorities.
Commercial strategy.
Contract structuring, portfolio assessment and positioning ahead of a regulatory change that has already been announced.
Our work covers, among other areas:
Regulatory support
Preparation and review of proposals for regulatory changes (laws, regulations and technical standards).
Risk analysis
Assessment of risks associated with the commercial positions of generation portfolios.
Commercial evaluation
Technical and economic analysis for evaluating the client's asset portfolio.
Regulatory watch
Monitoring and regulatory analysis at national and international levels.
Comparative regulation
Comparative studies of international regulation applied to electricity systems.
A public sample
Public policy work gets published: these documents are the record of the positions SPEC has argued and of how it supported them. Client work — contracts, disputes, commercial strategy — is confidential and does not appear here.
Is a rule or a contract at stake?
Tell us what process you have ahead and we will tell you which analysis supports it, on what evidence and on what timeline.
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