|
AES Gener best performer in March; also in 4QAES Gener’s output in the SIC grid was up YoY in March (+26%), led mainly from coal-fired generation (+31% YoY) and LNG replacing diesel-fired output (–23% YoY), though its hydro output was down 22% YoY, which we expect to increase the company’s variable costs. AES Gener’s continue to be a net seller in the spot market driven by its higher own generation and its lower level of contracts, which together with LNG output would partially compensate the higher variable costs. In the Endesa Chile’s own generation was down 3.1% YoY in the SIC grid in March, on hydro dispatch down 20% YoY – on low water resources – forcing it to be a net buyer in the spot market despite its now lower level of contracts. Conversely, thermal generation was up 27% YoY (mainly 14% higher LNG output and restore of coal output YoY): we expect higher variable costs due to higher fuel prices and energy purchases, YoY. GasAtacama’s own generation was up 6% YoY, in the SING grid, generating mainly with LNG (replacing diesel) acquired from the Mejillones LNG facility, though still buy energy in the spot market, assuming higher generation costs. In 4Q, Endesa Chile’s own generation in the SIC grid was down 8% YoY, though with a poorer generation mix (hydro: –19%; thermal: +16%; YoY), being obliged to buy energy in the spot market increasing the variable costs. Gasatacama’s (SING grid) own generation during the quarter was up 4% YoY. Still, it had to purchase energy in the spot Colbun’s generation output was up 38% YoY in the SIC, led by 353GWh of LNG generation (vs. 195GWh last year) and to a sharp increase in diesel output YoY (hydro down 30% YoY), assuming higher fuel costs, partially compensated by energy sales in the spot market at attractive prices. In 4Q, its generation output was 18% higher YoY, driven by a poorer generation mix (thermal: +118%; hydro: –25%; YoY), despite the higher own generation Colbun was forced to buy energy in the spot market, assuming higher generation costs. Generation by E.CL, operating in the SING grid, was down 8% YoY, with a weaker generation mix, led by coal-fired generation 6% lower YoY, partly offset by natural gas generation output 107% higher YoY – from LNG supplied by GNL Mejillones. We expect this on balance to mean higher variable costs on fuels and energy purchases. In 4Q, its generation output was down 5% YoY – LNG output 100% higher YoY was totally compensated by coal and diesel output 9% and 58% lower YoY, respectively, which forced it to be a net buyer in the spot market. |
|
| aus der Diskussion: | Chiles Energieversorger |
| Autor (Datum des Eintrages): | lvb28 (23.05.11 13:58:04) |
| Beitrag: | 1 von 3 (ID:41542093) |
| Alle Angaben ohne Gewähr © wallstreetONLINE | |