Platts to extend Brazil Power forward curve assessments

Platts, part of S&P Global Commodity Insights, will launch 13 new daily assessments for the Brazil Power forward curve, effective Dec. 16, 2024.

The Brazil free power market currently comprises more than 51,300 consumers and 42% of total demand, according to the Brazilian Association of Energy Traders. 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.

The assessments will consider market informationreported 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 real per Megawatt hour ($R/MWh) and US dollars per Megawatt hour ($/MWh).

The assessments will consider data submitted to Platts until 4 pm Houston time and will follow the Platts US publishing schedule. The assessments will reflect electricity for delivery within stated months, quarters and calendar years, as follows:

Platts currently publishes daily forward month assessments covering one year, M through M+11.

The monthly assessments will roll into the next forward month on the first of each calendar month. For example, on Jan. 1, 2025, M would roll into January 2025 and M+1 would roll into February 2025.

The quarter assessments would roll on the first day of the new quarter. For example, on Jan. 1, 2025, Q+5 would roll into second-quarter 2026 and Q+6 would roll into Q3 2026.

The calendar year assessments will roll into the next year on the first day of the new year. For example, on Jan. 1, 2025, Y+3 would roll into Calendar 2028 and Y+4 would roll into Cal 2029.

The assessments will 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 Dec. 16, 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.