Brazil Energy Prices Jump 62% Amid Rationing Concern, CCEE Says

Brazilian electricity prices surged 62 percent last week amid concern that low levels at hydropower dams raises the risk of rationing, according to data released by the country’s electricity trading board.

The weekly reference price, used for spot-market contracts, rose to 554.82 ($274.83) reais per megawatt hour from an average of 341.96 reais, the Sao Paulo-based electricity trading board, known as CCEE, wrote on its website.

To contact the reporter on this story: Mario Sergio Lima in Brasilia Newsroom at

To contact the editor responsible for this story: James Attwood at

Press spacebar to pause and continue. Press esc to stop.

Bloomberg reserves the right to remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.