Brazil’s electricity regulator expects virtually all energy resources depleted by November

The increase in the load forecast occurred after an increase in the activities of commerce and services, as well as the maintenance of the high pace of industrial production.

RIO DE JANEIRO, BRAZIL - Brazil's National Electric System Operator (ONS) raised a new alert about the challenges Brazil's electricity sector is facing this year due to the severe water crisis in the country's hydroelectric reservoirs, projecting a depletion of virtually all energy resources by November.

The warning came after the agency raised the load forecast and considered a lower and more "realistic" thermal availability to meet demand for energy, according to a technical note published Thursday night July 22.

According to the agency, the scenario "results in a degradation of storage levels at the end of the . . .

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