Updated December 27, 2023
THE (ANEEL) The National Electric Energy Agency defined this week the maximum and minimum values of the PLD (Settlement Price of Differences) for the year 2024.
See what the values look like for next year.
- PLDmax_structural will be R$716,80 per megawatt-hour (MWh)
- PLDmax_hourly will be R$ 1.470,47/MWh
- PLDmin was R$61,07/MWh
For comparison purposes, see how the values were in 2023.
- PLDmax_structural was R$678,29/MWh
- PLDmax_hour was R4 1.391,56/MWh
- PLDmin was R$69,04/MWh
Do you know what the PLD is for?
The PLD is the main price indicator for those operating in the free energy market. It is based on this that energy purchase and sale contracts are referenced. Normally, energy prices are formed by the PLD value plus the spreed charged by the seller or buyer.
Understanding the PLD is essential for companies that use or intend to migrate to the free market. The indicator is published daily for each hour of the day by the CCEE (Electric Energy Trading Chamber). This is public data and can be checked on the CCEE website.
The PLDmax_hour is the upper limit for a single time of day. The PLDmax_structural is the upper limit for the 24-hour average of a single day. PLDmin is the minimum value for each hour of the day.
The PLD fluctuation will depend on the operating conditions of the electrical system. In periods of drought, hydroelectric generation (cheaper) decreases and thermal dispatch (more expensive) increases. In this situation, the tendency is for the PLD to become higher. The opposite is also true: when there is an abundance of rain, as happened in 2022 and 2023, the PLD tends to remain at a minimum level.
Therefore, the “cheap” PLD encourages companies to migrate to the free market. In 2024, all companies connected to high and medium voltage, called Group A, will be able to access the free market. The growth potential of this market is 72 thousand units, according to CCEE's own calculations.
Other important functions of the PLD are to price energy settled in the Short-Term Market (MCP) and serve as a calculation basis for charging charges in the electricity sector.
For example, a company that purchased more energy than it consumed in a given month can sell this excess energy for a determined value to another agent or leave it to be settled under PLD.
If the opposite happens, the company will need more energy than it had contracted, this additional consumption will be charged at the end of the month priced at the PLD in force at the time of consumption. That is why the PLD has a significant impact on negotiations in the free energy market.
A previous version of this report erroneously stated in the title that the PLDmin was R$64,07. The correct value is R$61,07/MWh.
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