Power demand in Brazil rises by 1 percent in February

Power consumption in Brazil has increased by 1 percent in February this year compared to the same month last year to an average 68,430MW.

According to the country's power clearing house (CCEE), "regulated market clients posted a 1pc decrease in their power demand, to an average 44,934 MW."

To be noted, the local reports mentioned that the regulated electricity market in Brazil comprises smaller businesses and residential consumers.

Meanwhile, solar and wind-based generation posted 99pc and 26pc rises, respectively, while hydroelectric generators increased their participation in supply for the second month in a row.

As per CCEE, energy consumption among bilateral contract clients increased by 4.7pc year-on-year, to an average 23,496 MW in February. It has been informed that the "service sector along with the wood, paper and cellulose sector boosted the numbers with 14pc and 8.1pc increases to their power consumption respectively," a local report mentioned.

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