Final Offer Arbitration in Chilean Electric Legislation

Chilean legislation regulating the electric sector
provides that a panel of experts will solve the
relevant discrepancies. To do so, the panel shall have
to adopt one of the alternatives in discussion without
being able to adopt intermediate values. This is to say
disputes shall be decided by final offer arbitration.
After a brief introduction on the conflict resolution
procedure according to the Chilean legislation on the
electric sector, this article offers an overview on final
offer arbitration. Finally, the article provides some
suggestions worth exploring that may contribute to the
improvement of the arbitration procedure established
by the Chilean legislation on the electric sector so
that the procedure adaps better to the circumstances
of each specific case.