Gains from energy exported to neighboring countries total BRL 888 mi
Brazil exported 844 average megawatts of electricity to Argentina and Uruguay in 2023. According to the Chamber of Electricity Trading (CCEE), this was the largest volume in the country’s history. The benefit for Brazil was reported to reach BRL 888 million, an amount that helps reduce the cost of production at hydroelectric plants and the impact on tariffs for Brazilian consumers, which are proportional to the total exported.
Alexandre Ramos, chairman of CCEE’s Board of Directors, told Agência Brasil that this volume was exported in two phases between January and December 2023, one of them corresponds to the export of energy from the hydroelectric generation of 354 average megawatts, 86 percent of which went to Argentina. The operation, Ramos noted, brought in BRL 106 million in revenues reverted to the tariffs paid by consumers.
The remaining portion stems from hydroelectric power, which comes back in the form of a reduction in the value paid by hydroelectric plants. “A part of these amounts is reverted to consumers, especially in the case of the plants within the quota system,” said Ramos, adding that exports of this type of energy amounted to 490 average megawatts—77 percent of which went to Argentina and the rest to Uruguay, “generating a benefit for the [mechanism] of around BRL 782 million,” he concluded.
The excess water in the reservoirs is used for power generation. Ramos pointed out that the demand from the Argentinian and Uruguayan markets coincided with a fairly positive scenario for Brazil, as reservoirs recovered in the wet season.
The renewable energy produced by wind and solar power plants contributed to this scenario. The priority, however, is supplying the Brazilian grid. According to the president, there is no forecast for exports at the beginning of the year due to the heat, which should increase consumer demand for energy in Brazil.
Trading
The Chamber of Electricity Trading is a non-profit association responsible for the purchase and sale of electricity in Brazil, ensuring that this essential resource reaches Brazilians as well as productive sectors.
“Since 1999, it has brought together generators, distributors, traders, and consumers under a single purpose: to develop efficient, innovative, and sustainable markets for the benefit of society,” the chamber declared.
