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BBCE, an energy trading platform, reported that since July it has recorded an increase in short-term transactions, which indicates a reversal of the trend towards lengthening contracts operated in the first half of 2023.
Of the 25,634 GWh traded in August, 76% of transactions were closed with short-term assets. Energy transactions in August represented an increase of 23.5% compared to the same period last year.
Since October last year, the PLD (Difference Settlement Price) has been at the minimum level due to good hydrology and reservoir storage levels that are above 70% in all four energy submarkets, according to the ONS (Operator National Electric System).
According to BBCE, the PLD at the bottom kept the financial volume handled below 2022 levels. R$ 2.2 billion were handled, a decrease of 12.8% in relation to August 2022, but an increase of 26.8% in relation to July this year.
The reduction of 64.8% in the volume of closed contracts (1,772) in August, compared to 2022, also shows that large volumes are being negotiated concentrated in a few operations. The operations profile resulted in an average ticket (which is the average value of energy transacted in each operation) of 14.5 GWh.
