the maintenance of dry season and lifting the load amid rising temperatures made with which the prices of negotiated contracts No. Free Energy Market in Brazil rose more than 90% at the end of September compared to August, according to data from BBCE (Brazilian Energy Trading Counter).
According to BBCE's Director of Products, Communications and Marketing, Eduardo Rossetti, one of the highlights of the period was the sharp rise in prices for assets maturing this year, which were already at high levels and fluctuated by up to 93,6%.
“With the continued low rainfall outlook and high load, assets maturing in 2024 had a major price impact and fluctuated between R$230 and R$560 per MWh,” he explains.
The BBCE platform reported that it has closed the last month with 41,9 thousand GWh transacted - a volume 65,4% higher than that operated in the same month of 2023, when the market faced prices close to the floor and low volatility.
In financial , these business moved around R$ 11,3 billion. The increase is 423,6% compared to September 2023 and 7,6% higher than August 2024. The amount also represents more than 30% of the entire year of 2023.
Also according to the BBCE, in September, 9.878 operations were closed, an increase of 374,7% compared to the same month in 2023. As a result, the average value of each contract was R$1.139.575,13.
Free Energy Market
Created in 1996, the Free Energy Market is now available for migration to all medium and high voltage consumers, in the so-called Group A. In the case of low voltage, such as residential and rural consumers, access has not yet been released.
In 2022, the Federal Government opened a public consultation to open this market to all consumers by 2028, but the text was never published. In Brasília, discussions on the topic are progressing, but there is still no definition regarding the full opening of this business environment.
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