Brazil will have a sharper drop in energy load in November, predicts ONS

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The National Electricity System Operator (ONS) started to forecast a sharper drop in the electric energy load in Brazil in November, while making a downward adjustment in the estimates for the level of reservoirs in the Southeast at the end of the month, according to a bulletin released this Friday. fair (4).

For cargo, the agency estimated a fall of 1.7% in November compared to the same month of 2021, compared to -0.6% forecast last week.

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As for the hydroelectric reservoirs in the Southeast/Midwest, the ONS estimated that they will reach 49.0% of capacity by the end of November, slightly below the 49.9% previously projected.

Despite the downward revision, storage in the country’s main submarket is at its highest level since 2011 and also significantly higher than in 2021, when the country experienced severe rainfall shortages, which led to risks of energy rationing.

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The ONS also estimated that the hydroelectric plants in the Southern subsystem will receive more rain throughout the month. The expectation is that the volume of rain will reach 101% of the historical average in November, compared to 96% predicted the previous week.

For the other submarkets, rainfall estimates were reduced for the Southeast/Midwest (89% of the average, compared to 96% estimated last week) and North (170%, compared to 173%), and the forecast for the Northeast was raised. (65%, against 45%).

Source: CNN Brasil

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