The Power import in Brazil reached 25,113 GWh in 2020
The indicator recorded a historical decline at a CAGR of 12% between 2017 to 2020
Why did Brazil’s power import decrease in 2020?
Brazil has been a net importer of electricity for the last two decades. In 2010, the country imported more electricity than it exported. In 2020 as well, electricity imports were higher than exports. The country’s electricity imports are expected to rise significantly in 2021 owing to a severe drought the country is facing. The country majorly depends on hydro plants for electricity generation, which are expected to the be affected due to the drought.
Brazil is actively engaged in electricity trading, which, prior to 2011 took place exclusively through bilateral contracts undertaken by power generators, traders, importers, and free consumers. To introduce greater transparency to the electricity trading market, the Brazilian power-trading platform, the Brazilian Intercontinental Exchange (BRIX), was launched on July 28, 2011. This development saw the participation of 30 power sector players, including Groenergia Comercializadora, Bunge, Companhia Energetica de Sao Paulo, Clealco, Compass, Coteminas, EletroNorte, Eucatex, Ibrame Laminacao, and Eneva. It is expected that BRIX will be developed further, with the introduction of the BRIX spot index and financial derivatives.
Pegtroleo Brasileiro SA, Engie Brasil Energia SA, and Eletrobras are among the major electricity generating companies in Brazil.
Centrais Eletricas Brasileiras S.A. (Eletrobras), a subsidiary of Federal Government of Brazil is an electric utility. The company produces electricity using the hydro, nuclear, wind, natural gas, oil, coal, solar and biomass sources. Eletrobras promotes the Latin American electric integration, minimizes environmental risks, and studies hydroelectric potential of the region. The company undertakes the administration of government programs focused on the development of the electric sector, such as the National Program for the Conservation of Electric Energy, the National Program for Universal Access and Use of Electric Energy and the Program for the Incentive of Alternative Energy Sources. It serves distribution companies, commercial and free customers in Brazil. The company is majorly owned by Brazilian Government. Eletrobras is headquartered in Rio de Janeiro, Brazil.
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