The development of efficient electricity markets and the consolidation of regional integration schemes are key elements to achieving the objectives of sustainability, resilience, and energy security in Latin America and the Caribbean. In a context where countries face common challenges such as the need to diversify the energy matrix, reduce costs, ensure supply reliability, and move towards decarbonization, the creation of regional electricity markets and the mobilization of private resources emerge as fundamental pillars.
Energy integration makes it possible to take advantage of the complementarity of energy resources throughout the region, optimize the use of infrastructure, generate economies of scale, and increase the resilience of systems. However, its materialization requires coordinated efforts among governments, multilateral organizations, regulators, operators, and private actors.
In this sense, Latin America and the Caribbean are advancing in the regional energy integration agenda through a common effort via regional dialogue mechanisms: SIEPAC, SINEA, SIESUR, and ARCONORTE. The mobilization of competitive private resources is essential to scale up infrastructure projects, strengthen markets, and accelerate integration processes, especially at a time when public investment faces fiscal constraints.
The objective of this session is to analyze the opportunities and challenges in the development of electricity markets in Latin America and the Caribbean, with an emphasis on how to better leverage the support of multilateral development organizations to mobilize competitive private resources. The aim is to foster a strategic dialogue among public, private, and multilateral actors on how to mobilize investments, harmonize regulatory frameworks, and advance in the design and consolidation of regional electricity markets.
