The energy trading company Tradener filed a precautionary measure in the 27th Civil Business Court of Curitiba (PR) with the aim of ensuring the continuity of its operations in the Free Energy Market.
The company is facing financial difficulties in honoring its contracts. The lawsuit seeks to ensure service to its clients while the company negotiates a solution with its counterparties.
In a statement, the company says that the free market is going through a period of "unprecedented instability," caused by regulatory changes, the expansion of solar power generation at a faster pace than planned, and increasing restrictions on the delivery of energy from renewable sources to the system.
"These factors have profoundly altered the economic logic of energy contracts and have broadly affected agents in the free market – not just Tradener," the company said in a statement, considered one of the most traditional trading companies in the electricity sector.
The precautionary measure serves as a mechanism for the company to gain time and seek a negotiated solution that preserves the delivery of energy to its creditors.
"Trader clarifies that the profile adjustment does not reduce the total volume of energy, but rather aligns the delivery with the actual profile of the sources that make up the company's contractual backing, ensuring that the supply is viable and sustainable," the company stated.
The company also states that the proposal preserves the originally contracted prices, "at a time when market prices are significantly higher and liquidity for renegotiation is historically low."
Economic and financial crisis
Tradener is facing a crisis that, according to the company itself, stems from extraordinary and unpredictable factors – including changes in the pricing model starting in 2025, high volatility in the spot price of energy trades, and a mismatch between load and generation curves.
This set of factors would have compromised its ability to fully honor the contracts. The injunction suspends, for 60 days, the execution of the trading company's debts and prevents a possible disconnection from the CCEE (Chamber of Electric Energy Commercialization).
Judge Luciane Pereira Ramos also ordered the company to file for judicial or extrajudicial reorganization, as exclusively revealed by Agência Infra, which had access to the case file, currently under seal.
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