The Brazilian government has postponed upcoming auctions A-3 and A-5 based on information that the distributors are with excess energy (?) ...
In my opinion, the government took this decision based on a very short-term scenario , for the sector.
Let's see ... Who is of this sector knows that there are many projects that will not start operation and production within the contracted period ... The excess energy informed by the distributors are a misguided result of a portfolio of projects that only should go into operation in the coming years ... But that, in significant part, will not start production ... ANEEL knows how many power plants (termal, wind, hydro and others) are lagging behind in their schedules or will not be able to start operation for other reasons ... Finally, this excess energy informed (?) Can turn into a défcit quickly ...
Brazil, to maintain their sustainable growth, needs at least 4 GW per year, within the current market conditions, and if the Brazilian industrial sector grow again, as expected, the annual demand of 4 GW is totally insufficient.
Marcus Parpinelli
reds@globo.com
