Electricity consumption falls in Brazil

According to data from the Energy Trading Chamber electricity consumption in the country has fallen by 2% in the last month, compared to figures for the same period in 2019.

The continuous negative performance has been occurring since January this year, where a 4.3% reduction in energy consumption was found, accordance with the CCEE. Numbers are an important sign of activity economic development in the country.

In industries that buy energy on the free market, there have been significant decrease in the consumption of the vehicle sectors (-10%), wood, pulp and paper (-7.2%) extraction of metallic minerals (-6.2%), according to adjusted data from the CCEE. The sanitation segments (22%), trade (13.8%) and transportation (9.4%) had the highest highs.

At the beginning of the year, the CCEE calculated that the consumption of electricity in Brazil was expected to grow 4.2% in 2020 – which would be the highest increase in since 2013. However, the forecast that was optimistic about economic growth in the country, has already been reviewed by analysts amid the effects of the outbreak of coronavirus on the global economy.

Economy Minister Paulo Guedes said that the government also will revise its projections and that the Brazilian economy should grow “above 2%” in 2020.

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