Energy load rises in June, but falls compared to May with weak economy and World Cup, says ONS

Energy load rises in June, but falls compared to May with weak economy and World Cup, says ONS

SAO PAULO (Reuters) - The energy load in Brazil's interconnected electricity system advanced 0.9 percent in June compared to the same month last year, but fell ...

SAO PAULO (Reuters) - The power load in Brazil's interconnected power system advanced 0.9 percent in June compared to the same month last year, but fell 0.4 percent from May, the operator said. National Electricity System (ONS) report on Thursday.The electricity sector agency said the load, which represents the sum of consumption and grid losses, was impacted by weak economic activity, high industry production costs following a trucker strike in May and the different behavior of consumers on Brazil's World Cup game days when demand drops.On the other hand, "random, non-economic factors contributed positively with 0.9 percent to the load change rate" of the system in June, ONS added.Thus, the adjusted load, which excludes these effects, would have closed the month wit...


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