Foreign firms shaking up Brazilian energy market

Brazil’s free energy market has attracted the interest of foreign companies from other sectors, most notably the finance industry, according to reports.ࢀ¨

New investment seems sure to occur, either in buying up existing energy-sales operations or in setting up new players.

ࢀ¨The current size of the free market could easily double, according to analysts.

ࢀ¨Empresa de Pesquisa Energetica has said that last year a total of 115,300 GWh were negotiated on the free market in Brazil, a sum that represents to 24.8 per cent of the entire Brazilian energy market. ࢀ¨

There are still 14,000 consumers legally empowered to migrate to the free market who have yet to do so.

Image credit: Chensiyuan/Wikimedia Commons

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