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Brazil's recent energy auctions

Brazil's recent energy auctions
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Spot electricity prices surge in draught-stricken Brazil

By Reuters Staff
2 Min Read
BRASILIA (Reuters) - Brazil’s worst drought in almost a century has driven up spot electricity prices 40% this year, raising costs for large industrial consumers which negotiate directly with supplies, electric market executives said.
Energy contracts for the second half of this year and for 2022 have soared, along with a jump in spot prices used in short-term operations that could reach the maximum of the regulatory ceiling in the coming months, they told Reuters.
This could result in a sharp increase in costs for large industries that have not signed contracts in advance to meet all their energy demand, the experts added. ....

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Spot electricity prices surge in draft-stricken Brazil

BRASILIA Brazil’s worst drought in almost a century has driven up spot electricity prices 40% this year, raising costs for large industrial consumers which… ....

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