Measures to reduce default rates go into public hearing

Fonte: ANEEL
ANEEL's board approved today (26), in a public meeting, the opening of a public hearing to discuss mechanisms to reduce default rates on short-term market contracts associated with Power Trade in the Regulated Environment (CCEARs) for availability*. Contributions may be sent to the process in the period from April 28 to May 5.

One of the proposed measures is to restrict the automatic registration of CCEARs of stockbrokers in default for two consecutive months, or who have debts in the financial settlement as from the month of April. Thus, the contracts among these generators in default and distributors fail to enter the financial accounting of the House of Energy Trading (CCEE). The distributor will have 60 days to request termination of the contract and will be allowed to buy the energy in the market in the short term.

To make this effective, the document at the hearing suggests changing the marketing procedure in the bilateral contracts conditioning the maintenance of the CCEAR record concerning the default of the selling agent with the short-term market of the CCEE. Another measure proposed is the presentation of a statement by the CCEE to discharge debts with the short-term market so the seller is granted the permission to start commercial operations.

The improvement of the regulations was motivated by bad debt obligations with the Board of Energy Commercialization of plants that participated in auctions for electricity service to the Regulated Hiring Environment (ACR) and were delayed at the start of commercial operations. (AP / ES)

* Agreements on Energy Marketing in a Regulated Environment (CCEARs) for availability – Agreements signed between the distributor and the generator in which  the monthly risk arising from the generation plant, either lower or higher than that committed in the auction, is the buyer’s (distributor’s), who can be positively or negatively exposed to the PLD **, since the contract provides ballast but not necessarily energy, it depends on the order of the ONS, for example, in the case of boilers with variable cost per unit (CVU) *** and the "self-dispatch" in the case of plants to biomass.

** PLD – Price to be released by the House of Energy Trading – CCEE, calculated in advance, with maximum weekly intervals and based on the marginal cost of operation, limited by minimum and maximum prices which apply to each Calculation Period and for each submarket, which is valued by the electricity sold in the Short Term.

*** CVU – Variable Cost per Unit (Auction) – Value, expressed in Real per megawatt-hour (R$/MWh) calculated by the Energy Research Company – EPE based on parameters reported by the tenderer seller before the auction begins, limited to fifty percent of the maximum value of the Difference Settlement Price – PLD as set out in the MME Ordinance No. 043 of March 1, 2007, and serves as a basis for defining the physical guarantee, and the expected values ​​of the Cost of Operation – COP and the Economic Cost of Short Term – ECC, necessary to cover all operating costs of the company, except those already covered by fixed revenue.