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Brazil's power demand growth in 2022 is expected to be 1 percentage point lower than previously expected, partly reflecting slower economic growth, according to the latest government projections.
The new numbers are part of the first four-month revision of the data for the country's yearly energy plan and point to average demand of 70,739MW for the year, from a previous prediction of 71,373MW, according to projections by grid operator ONS, power clearing house CCEE and government energy research agency Epe.
Previous estimates had the country's power demand showing growth of 2.7pc for 2022 and have now been readjusted to 1.7pc growth for this year over 2021.
They take into account an estimated 0.6pc annual increase in the country's gross domestic product (GDP) this year, slowing from the agencies' previous estimate of 1.3pc growth.
The demand revision, including an uptick in the 2023 forecast, maintained the expected increase in demand for 2022-2026 at a 3.4pc/yr, reaching an average of 80,818MW by the end of the period when GDP growth is forecast at 2.5pc. (argusmedia.com)
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