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Power prices in Brazil
Power prices in Brazil
The hydro situation in the country acquired crisis contours at the beginning of this year of 2021. Brazil power matrix is 70% hydro.
Initially, short-term power prices rose sharply:
1. The spot for deregulated energy users reached its ceiling of USD 100/MWh
2. Prices for future delivery (next quarter) have also climbed to USD 100//MWh
3. The red flag tariff (additional cost) for regulated energy users was increased sharply, to USD 10/MWh
Long term power prices were also "contaminated". They rose more than 30%.
This fact denotes a perception of the market that the energy crisis is structural and not episodic.
It makes sense to prepare for a challenging medium and long-term scenario.
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