Friday arrived and everyone is waiting for the weekend, we will explain all the calculations so you can start your day calmly and stay on top of the news about Brazil Energy Market.
To start with, four articles produced based on the analysis of our partner MegaWhat about meteorology, prices and water crisis, in addition to the short to long term electricity panorama.
- Deficit of the Bandeiras Account increases and should reach R$ 8 billion by the end of 2021
- Free market represents 78% of power expansion over the next ten years
- Regularization capacity to service the load is 1.3 months
- Understand: Weekend rain drops energy prices, even without raising the level of reservoirs
Sectoral associations also analyzed the costs of the provisional measure 1,055, presented by federal deputy Adolfo Viana (PSDB-BA). The text included the financing of gas pipeline infrastructure, extension of the incentive to mineral coal, in addition to provisions for the free market, extension of contracts and postponement of discounts.
- MP (provisional measure) from Creg: rapporteur includes financing of gas pipelines and extends incentive to mineral coal
- Government tries to sensitize deputies against impacts foreseen in MP 1,055 report MP
1,055 report could generate a cost of R$ 46.5 billion for the electricity sector, says Abrace - Distributors expect changes in MP 1055 report
We also had the calculations for the registration of projects for the simplified reserve auction, which was scheduled for October 25, and for the additional offer of thermal plants and the industry’s voluntary reduction. In addition, new working groups were approved by the National Energy Policy Council (CNPE).
- Simplified reserve auction has 62 GW registered; 66% of natural gas UTEs and 58% in the SE
- CMSE ratifies 963 MW of additional supply and maintains the flexibility of HPPs until October 2022
- CNPE creates three more working groups and defines measures for Cpamp, GLP and RenovaBio
In the Brazilian oil and gas sector, the accounts did not close very well. The long-awaited auction of the 17th round of the National Agency for Petroleum, Natural Gas and Biofuel (ANP) did not attract so much interest from the market. Outside Brazil, oil production increased, as did prices.
- 17th Round of the ANP has the second lowest revenue in history, of R$ 37.1 million
- Highlight of the ANP auction, Shell already has 13% of its world oil and gas production in Brazil
- OPEC+ confirms production increase of 400,000 b/d and Brent surpasses US$ 80 a barrel
- US oil inventories grow to 420.9 million barrels
