Aneel directors (National Electric Energy Agency) raised questions on Tuesday (29) about a key parameter for the auction scheduled for Friday (1st) to solve the liability of R $ 1 billion related to hydrological risk (GSF) in the short-term energy market.
During discussion of an auction process on Tuesday (29), director Fernando Mosna ended up asking for views, after suggesting that the
For the director, there is uncertainty about the discount rate (WACC) to be used in the future by Aneel to calculate the extension of the granting of hydroelectric plants winning the event.
According to Mosna, according to commands of the Ministry of Mines and Energy, there are two possibilities of WACC: 9.63%, following the rate applied in similar cases, or 10.94%, according to the specific ordinance issued by the government for the auction.
The uncertainty about the parameter is relevant as it directly impacts the benefit that the winners of the event will have in acquiring the GSF debt securities, they recognized Aneel’s directors.
It was not immediately clear how this can impact the schedule of the event.
Marked for this Friday (1st), the auction will negotiate GSF debt titles in the short-term energy market, which today records about R $ 1 billion in unpaid amounts, mainly by small hydroelectric power plants (SHPs), due to an old judicialization of the sector.
Large hydroelectric entrepreneurs will be able to buy these titles to pay them and, in return, will be entitled to extend the validity of their generation concessions for up to seven years.
Although Aneel is not responsible for the competition -which is under the organization of the Electricity Commercialization Chamber (CCEE) -the regulator plays a relevant role at the end of the process, as it will calculate the extension of hydroelectric grants.
According to electrical sector analysts, auction was seen as an important opportunity for large electricity concessions winning in the coming years, such as Auren, Cemig and Engie.
