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Montevideo, February 23rd 2024 - 15:58 UTC

 

 

Surplus from electricity exports benefits Brazilian customers

Tuesday, February 13th 2024 - 11:42 UTC
Full article 4 comments
Most electricity exports were to Argentina and the rest to Uruguay Most electricity exports were to Argentina and the rest to Uruguay

Brazil totaled a surplus of R$ 888 million (US$ 179.26 million) from electricity sales to neighboring countries, which helped President Luiz Inácio Lula da Silva's administration ease the burden on Brazilian consumers, Agencia Brasil reported.

Brazil exported 844 average megawatts of electricity to Argentina and Uruguay in 2023. According to the Chamber of Electricity Trading (CCEE), this was the largest volume in the country’s history. The benefit for Brazil was reported to reach R$ 888 million, an amount that helps reduce the cost of production at hydroelectric plants and the impact on tariffs for Brazilian consumers, which are proportional to the total exported, it was explained.

Alexandre Ramos, chairman of CCEE’s Board of Directors, told Agência Brasil that this volume was exported in two phases between January and December 2023. One of them consisted of 354 average megawatts from hydroelectric origin, 86 % of which went to Argentina, representing R$ 106 million (US$ 21.4 million) in revenues reverted to the fares paid by consumers.

The remaining portion stems from hydroelectric power, which comes back in the form of a reduction in the value paid by hydroelectric plants. “A part of these amounts is reverted to consumers, especially in the case of the plants within the quota system,” said Ramos, adding that exports of this type of energy amounted to 490 average megawatts—77% of which went to Argentina and the rest to Uruguay, “generating a benefit for the [mechanism] of around R$ 782 million (US$ 157.86 million),” he concluded.

The excess water in the reservoirs is used for power generation. Ramos pointed out that the demand from the Argentine and Uruguayan markets coincided with a fairly positive scenario for Brazil, as reservoirs recovered in the wet season.

The renewable energy produced by wind and solar power plants contributed to this scenario. The priority, however, is supplying the Brazilian grid. According to the president, there is no forecast for exports at the beginning of the year due to the heat, which should increase consumer demand for energy in Brazil.

The Chamber of Electricity Trading is a non-profit association responsible for the purchase and sale of electricity in Brazil, ensuring that this essential resource reaches Brazilians as well as productive sectors.

“Since 1999, it has brought together generators, distributors, traders, and consumers under a single purpose: to develop efficient, innovative, and sustainable markets for the benefit of society,” the chamber declared.

(Source: Agencia Brasil)

Top Comments

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  • Esteban Domingo Fernandez

    Brasil, South Africa has not got a pot to pee in, never mind investing in another country,
    China too does not invest, but uses its money to assert more control.
    wake up for goodness sake,

    Feb 13th, 2024 - 05:43 pm +1
  • Esteban Domingo Fernandez

    One day Brazil you will see reality, and start posting sensible comments, and hopefully lose your disgraceful hatred, just let this sink in to your confused brain, once again you drift off the subject with whataboutism, South Africa are in a huge financial mess and have no money to invest anywhere, China does not invest, it does exactly the same as the Yanks, it uses its economic power to control other countries economies and rape its natural resources, the difference is one country believes in freedom and democracy, the other a controlling communist dictatorship, many African countries are now starting to regret getting in to bed with Xi, i want Brazil to succeed be prosperous and eliminate as much poverty as it can, but the statements you continue to post are far from factual, Jack Bauer is so right about you,

    Feb 15th, 2024 - 10:44 pm +1
  • Brasileiro

    Brazil is rapidly developing solar energy potential. Brazil is concentrated in the part of Planet Earth that receives the largest and best part of the energy from our star, the Sun.

    China, Brazil and South Africa are investing 200 billion dollars in electricity generation in the Brazilian Northeast.

    Green hydrogen is an inexhaustible energy source that will provide a significant increase in oxygen in the atmosphere if used.

    https://www.youtube.com/watch?v=rkA_YmvCAU4&list=FLmXPTu1f8AdGlizWNiASx2A&index=126

    Feb 13th, 2024 - 02:26 pm -1
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