Platts proposes Brazil Power forward curve assessments

Platts, part of S&P Global Commodity Insights, proposes to launch a daily Brazil Power forward curve assessment, effective July 1, 2024.

Platts has observed growth in the Brazilian Electricity free market, and with it, interest in transparency around futures prices. The Brazil free power market currently comprises about 25,000 consumers and 38% of total demand. The share of the free market could potentially grow to 60% by 2030 due to new government regulations allowing lower-voltage consumers to participate, according to Commodity Insights analysts.

The assessments would consider market information reported to Platts and published throughout the day, including firm bids and offers, trades, and indicative values, as well as any other data deemed relevant to the assessment process.

The assessments will represent conventional power delivered in Brazil's Southeast/Central-West subsystem, as defined by the Operador Nacional do Sistema Elétrico, and will be published as a value in Brazilian reals per Megawatt hour ($R/MWh) and US dollars per Megawatt hour ($/MWh).

The assessments will consider data submitted to Platts until 1530 Houston time and would follow the Platts US publishing schedule. The assessments will reflect electricity for delivery within stated months, as follows:

The assessments will roll into the next forward month on the 1st of each calendar month. For example, on Aug. 1, 2024, M would roll into August 2024 and M+1 would roll into September (M+1) 2024.

The assessments would be published in Megawatt Daily, Energy Trader, Platts Connect and Alert Pages.

Please submit any feedback, comments, or questions about this proposal to powerpricing@spglobal.com, and pricegroup@spglobal.com by June 3, 2024.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.