Chile’s cabinet has authorized the presentation of a bill designed to address shortcomings within the country's electricity market. The proposed legislation significantly increases potential fines up to $20 million, bolstering enforcement capabilities. A key component of the bill focuses on strengthening the oversight role of the regulatory authority, enabling greater market scrutiny. Furthermore, the initiative seeks to expand protections for electricity consumers, safeguarding them from unfair practices. These measures aim to create a more transparent and equitable energy sector. The government hopes this bill will foster increased stability and reliability in Chile’s power supply while ensuring fair pricing for all users. It represents a substantial step toward modernizing the nation’s electricity framework.