Brazilian energy load expected to fall 3% this year

The National Electric System Operator (ONS) reported, last Tuesday (28), that the energy load of Brazil should record a drop of 3% in 2020, due to the impacts arising from the pandemic that was concentrated in the first half of the year. 

However, according to the quarterly review carried out by the operator in partnership with the Chamber of Electric Energy Trading (CCEE) and the Energy Research Company (EPE), the margin should show a resumption in the second half. In a statement, the ONS said the forecast takes into account a 5% drop in Brazilian GDP this year.

For the period 2020 to 2024, the organs of the electricity sector began to see an advance of 3.9%. "The negative impacts of the crisis on agent confidence restrict stronger GDP growth in 2021," the ONS said in a statement, estimating a 4.3% growth in the load next year. "In the following years, projected growth is 3.9% in 2022; 3.7% in 2023; and 3.6% in 2024," he concluded.

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