Economy

Brazil’s energy consumption drops as states go in quarantine

Energy consumption has steadily dropped in Brazil since state administrations started enforcing isolation measures to contain the spread of Covid-19. The data is from Brazil’s Electricity Trading Chamber (CCEE). 

On March 17, consumption dropped 0.7 percent from the previous week, with an average electricity output of 67,731 MW. On March 23 — the most recent data point available — consumption plunged 18.8 percent during peak time to an average of 67,164 MW, said CCEE, in a statement to the press.

According to Rui Altieri, head of CCEE’s board of directors, it is too soon to measure the impacts of quarantines and isolation around the country. However, as restrictions become tougher, consumption is expected to drop even further...

Natália Scalzaretto

Natália Scalzaretto has worked for companies such as Santander Brasil and Reuters, where she covered news ranging from commodities to technology. Before joining The Brazilian Report, she worked as an editor for Trading News, the information division from the TradersClub investor community.

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