The National Electric System Operator (ONS) started to forecast a smaller growth in the electric energy load in Brazil in December, at the same time that it made a downward adjustment in the estimates for the level of reservoirs and rainfall in the Southeast/Center-West to end of the month.
Brazil should have growth of 0.6% in December, in the annual comparison, compared to 1.2% predicted last week. The economic slowdown has been impacting load dynamics and hydroelectric reservoirs in the Southeast/Center-West should reach 51.2% of capacity by the end of the year, slightly below the 52.1% projected previously.
The volume of rain that should reach the region’s hydroelectric plants in the month should be a little lower than expected. The agency’s forecast is for rainfall at 88% of the historical average in December, compared to 95% predicted in the previous week.
For the other submarkets, rainfall estimates were raised for the South (88% of the average, compared to 81% estimated last week), Northeast (89%, compared to 81%) and North (190%, compared to 159%).
Source: CNN Brasil
A journalist with over 7 years of experience in the news industry, currently working at World Stock Market as an author for the Entertainment section and also contributing to the Economics or finance section on a part-time basis. Has a passion for Entertainment and fashion topics, and has put in a lot of research and effort to provide accurate information to readers.