Did last week fly by and you didn’t have time to catch up on the energy market news?
So, you can prepare your coffee calmly and check what happened!
Our partner, MegaWhat, spoke about the value of the simplified contracting procedure (PCS), reducing investments in oil, in addition to the market’s progress to close a new loan to distributors and biofuel as a State policy:
- Emergency auction would save around R$ 18 billion in 2021, says Vieira
- Biofuels program is Brazilian state policy, says minister
- Oil production is expected to reach 5.17 million barrels per day in 2031, says PDE
- BNDES is in ‘a rapprochement’ with banks to make a new loan to the electricity sector feasible
- Companies stopped investing in fossil fuels and deficit raises prices, points out Adriano Pires
Two PDE 2031 notebooks were also published:
- Oil production is expected to reach 5.17 million barrels per day in 2031, says PDE
- Brazil will need to add 3.5 Itaipu plants by 2031 to meet the load, says PDE
If the week flew by for us, imagine for those responsible for the quarterly balance sheets of energy and oil and gas companies: 16 companies released their third quarter results this week.
Of the oil companies, Enauta and Petroreconcavo had their results leveraged by the rise of oil in the international market, leading to an increase in net income, respectively, of 351.7% and 261.5%. 3R Petroleum, which had its financial statements started this year, recorded a loss of R$ 14.1 million.
Speaking of companies in the energy sector, reported an increase in net income from July to September: Alupar, Paraná state-owned Copel, CPFL Energia, Equatorial Energia, Focus Energia and Light.
Also with profit, but a reduction compared to the same period of the previous year, were Aeris, Cemig, Emae, Energisa and Taesa.
Renova Energia reduced the loss by 61.8%, reaching a negative result of R$ 45.1 million. Orizon also recorded a loss of R$1.4 million. According to the company, if the effects of payment based on shares and carbon credits were adjusted, the result would be positive by R$548,000.
Check out what else was said in the earnings conference calls:
- Equatorial will use PPAs of up to four years to commercialize Echoenergy projects
- Copel bets on the competitiveness of UTE Araucária in the December reserve auction
- Enauta discards new exploration assets and will focus on acquiring mature fields
- Taesa sees a heated secondary market and considers it to grow with acquisitions and auctions
- Aeris hopes to close contracts for offshore wind generation in 2022
- TNE, from the Tucuruí line, will make a new claim to rebalance the concession with Aneel
The water crisis decided to give a break and new studies and alternatives begin to appear to meet the expansion of generation for the next decade and mechanisms to attract investments.
- Society’s demand for renewables and hydrogen is an option to “stick the roof” of the oversupply in the country
- EPE foresees two bipoles to meet expansion in the Northeast and quadruple capacity by 2028
- The country needs to do ESG to Brazil and bring regional and deeper agendas, says specialist
