The CCEE (Electric Energy Trading Chamber) concluded this Wednesday (11) the financial settlement of the M (Short Term Market) for October 2024. Of the total ed for of R$5,84 billion, R$4,53 billion were settled.
The unpaid amounts totaled R$1,31 billion, being:
- R$1,09 billion related to hydrological risk injunctions (GSF);
- R$ 42,14 million in installments;
- R$ 177,82 million attributed to defaults.
In the settlement for September, concluded last month, the amount settled was R$2,87 billion out of a total of R$3,98 billion ed for. The default on that occasion was R$6,55 million, significantly lower than that recorded in October.
Check out the general liquidation numbers below:
What is M?
The Short-Term Market is a financial settlement environment in the Brazilian electricity sector, created to adjust the differences between the energy contracted by generators and consumers and the volume actually generated or consumed.
If a company buys more energy than it consumes in a given month, the surplus is settled based on the PLD (Price for Settlement of Differences).
This settlement, however, is optional for the consumer, who can choose to sell the excess energy to a marketing agent.
This mechanism makes the M an important tool for consumers and generators, as it offers an opportunity to negotiate surplus energy and optimize costs.
Companies with surpluses can sell energy at good prices through traders, generating additional revenue.
Furthermore, M reduces the risk of default, as unused energy can be converted into a financial asset.
Unlike other trading environments, there are no bilateral contracts in the M; operations are carried out multilaterally, promoting greater flexibility and dynamism in the energy market.
Growth of the Free Energy Market
According to Abraceel (Brazilian Association of Energy Traders), the Free Energy Market sured the mark of 60 thousand consumer units in November 2024, with the migration of more than 22 thousand consumers throughout the year.
By the end of 2025, it is predicted that more than 36 thousand consumers complete their migration for the segment. Of these, around 34 thousand are small and medium-sized companies, such as gyms, supermarkets, stores and pharmacies.
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