Liquidity in the electricity market of electricity has grown throughout the year 2024, with the opening of the segment to all consumers of the high voltage and the increase in the number of consumer units that chose to migrate to this hiring environment.
The electricity generated in a plant can be marketed among companies several times before being physically consumed. The amount of times this occurs is the indication of market liquidity.
According to data from the Brazilian Association of Energy Consumers (Abraceel), in December 2024, each Middle Megawatt (MWM) in the Free Market was sold 6.33 times before being delivered to the final consumer.
In the same month of the previous year, the liquidity rate had been 5.13 times. The increase in the index points to greater dynamism in business in this sector.
Market expansion
Growth, above all, reflects the expansion of the market, with the entry of 25,966 new consumer units in the free environment over the past year, an increase of 67% in 12 months.
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In all, the volume of energy traded in the Free Market in December was 177,466 MWM, which corresponded to 79% of all the energy negotiated in Brazil in the month, according to Abraceel.
Growth also follows the maturity of the market, with more negotiation channels and formalization of contracts.
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The Brazilian Energy Trading Counter (BBCE) ended 2024 with R $ 88.4 billion negotiated, up 198% compared to 2023. In total, more than 100,000 contracts were transacted, growth of 324% over the previous year .
According to Eduardo Rossetti, BBCE Commercial Products, Communication and Marketing Director, the volume also reflects the high price volatility of the market in 2024, given the drought that affected hydroelectric reservoirs plants and faced the cost of energy.
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“We had a lot of price volatility due to the shortage of rainfall, which brings people more to the negotiating screen and expands the turn of energy contracts. In addition, the free market is increasingly expanding and, as a consequence of this more mature process, ”he explains.
SWAP ENERGY
With an eye on increased liquidity in the market, BBCE launched in November a new product, the physical swap energy. In this type of agreement, there are two simultaneous operations: a sale of one asset and one purchase of another that has the same maturity. It is the type of useful negotiation for companies that wish to reduce exposure to a particular region or change the contracted source.
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Last year, a second energy negotiation: N5X.
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In operation since June, the initiative is a partnership of the L4 Venture Builder Fund, supported by B3, and Nodal Brazil, from the European Energy Exchange (EEX) group.
“There are more than 200 registered companies, and these companies, there are more than 80 that are active and can make slips on the platform,” says CEO, Dri Barbosa.
For now, N5X acts mainly on contract formalization, but plans to expand activities for negotiations soon, according to the CEO.
