Energy in Brazil in 2020 will fall less than expected

On Wednesday (02), the Chamber of Electric Energy Trading (CCEE) published that the electricity load in Brazil is expected to fall 1.5% in 2020 compared to 2019, due to the impact of the Covid-19 pandemic on the country's economy. The year is expected to close at 66,793 average MW, down from the electricity sector in July, which projected a 3 percent decline in 2020.

The CCEE also estimated, together with the National System Operator (ONS) and the Energy Research Company (EPE), that the country should record an average growth of 3.6% per year in the energy load of the national system between 2021 and 2025. The survey takes into account the recovery of the country's economy and labor market from 2022.

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