Supply and demand
Cemig GT and the national grid
Presenting executive: Marcus Vinícius de Castro Lobato
The Brazilian National Grid
90.000 80.000 70.000 60.000 50.000 40.000 30.000 20.000 10.000 -Surplus (%) Surplus, MWh Reserve Thermal
Wind / Bio
Hydro
Market
Source: PMO (Monthly Operation Program), May 2014.
Analysis by Cemig based on a GDP growth forecast of 4.8% over the 2014-2018 (1st four-month revision, 2014) period.
Assumes withdrawal of thermal projects that sold energy in new auctions that were not developed.
The Brazilian National Grid
90.000 80.000 70.000 60.000 50.000 40.000 30.000 20.000 10.000 -Surplus (%) Surplus, MWh Reserve Thermal
Wind / Bio
Hydro
Market
Source: PMO (Monthly Operation Program), May 2015.
Analysis by Cemig, based on a GDP forecast growth of 2.5% over the 2015-2019 (1st four-month revision, 2015) period.
Assumes withdrawal of thermal projects that sold energy in auctions that were not developed.
Cemig GT: Supply/Demand chart presented in 2014 (1)
5,500Excess production and secondary supply
transacted in spot market in 2013
579
Probable renewals
Figures presented
last year:
at the 19th APIMEC
5,000 4,500450
702
621
1,693 1,740 2,221
465 751 1,123
2,075
2,185
(May 27, 2014)
4,000 3,500715
853
1,394 1,653
2,413
2,127
2,882 2,886
2,185 2,193
2,000 1,500 1,000 500 01,429
7
1
2,685
2,573
2,252 2,138 1,959
1,731
215 215
1,396 1,385
Available for sales or trading Intermediation of contracts
Regulated Market sales (to distributors) Free Market sales (free consumers, and traders) Operational agreement
(*) Assumes exclusion of the Hydroelectric Plants of which the second concession period expires in coming years. Maintains the Jaguara, São Simão and Miranda plants.
Cemig GT: Supply/Demand chart presented in 2014 (2)
Figures presented last year:
at the 19th APIMEC (May 27, 2014)
5,500 5,000 4,500 4,000 3,500 3,000 2,500 2,000 1,500 1,000Excess production and secondary supply transacted in spot market in 2013
2,685
2,573
2,252 2,138 1,959
2,127
314
415
1,731
2,185 2,193
778 788
215 215
1,396 1,385
Probable renewals
1,429
7
1
Available for sales or trading Intermediation of contracts
Regulated Market sales (to distributors) Free Market sales (free consumers, and traders) Operational agreement
(*) Assumes exclusion of the Hydroelectric Plants of which the first or second concession periods expire in coming years.
Cemig GT: Supply/Demand chart for 2015
Available for sales or trading
Intermediation of contracts
Average MW
5.500 5.000 4.500 4.000382
658
Excess accounted in the spot
market in 2014
82 140
Regulated Market sales
(Distributors)
Free Market sales (Free
525
182
663
214
81
638
10
425
153
Consumer, and Traders)
New Free Market Sales
(Free Consumers, and
3.552
2.681
2.583
283 302
2.347
425
267
379
225
207
895 1.028
1.412
Traders)
Operational agreement
2.235 1.876
25 25
137 87
1.322
237
500 0579 528
2014 20151.230 714
(*) Assumes exclusion of Hydroelectric Plants under first or second concession contacts that expire in the coming years. (**) Takes into account the asset transfer and contracts to Aliança Geração de Energia S.A.
Cemig GT: Supply/Demand
Available for sales or
trading
Intermediation of
Average MW
5.500 5.000 4.500 4.000Excess accounted in the spot
market in 2014
382
658
82 140
contracts
Sales in regulated market
(Distributors)
Sales in Free Market (Free Consumers, and Traders)
3.500 3.000 2.500 2.000525
3.552 2.863
663
2.797
81
638
2.630
10
425
2.537
153
425
2.143
379
225
895
25
1.028
25
1.412
Operational agreement
1.500 1.000 500 0579 528
2014 20151.865 1.459
1.317
237
714
(*) Assumes exclusion of Hydroelectric Plants under first or second concession contracts that expire in the coming years. (**) Takes into account the asset transfer and contracts to Aliança Geração de Energia S.A.
Cemig GT: Supply/Demand
Available for sales or
trading
Average MW
5.500 5.000 4.500382
658
Excess accounted in the spot market in 2014
174
Probable
Intermediation of contracts
Sales in regulated market
(Distributors)
4.000 3.500 3.0003.552
82 140
525
663
412
81
638
707
425
931
153
425
1.451
379
1.597
1.636 2.125
renewals
Sales in Free Market (Free Consumers, and Traders)
Operational agreement
2.500 2.000 1.500 1.000 500 02.863 2.797 2.630
579 528
2014 20152.537
2.143
225
895
25
1.028
1.412
(*) Assumes exclusion of Hydroelectric Plants under the first or second concession contracts that expire in the coming years. (**) Takes into account the asset transfer and contracts to Aliança Geração de Energia S.A.
Cemig GT: Supply/Demand
Average MW
5.500Excess accounted in the spot market in 2014
Available for sales or
trading
5.000 4.500382
658
1.607 1.707
1.850
1.759
Intermediation of contracts
Sales in regulated market
(Distributors)
Sales in Free Market (Free Consumers, and Traders)
Operational agreement
4.000 3.500 3.000 2.500 2.000 1.500 1.0003.552
525
2.863
938
698 858
174 412
707
663
638
425
2.797 2.630 2.537
1.922
778
931
425
2.143
698
2.148
1.451
225
1.865
1.053 1.135 1.023
2.664 2.797 3.181
1.597 1.636
2.125
25
25
1.459 1.317 237
Probable renewals
500 0579 528
2014 2015714
(*) Assumes exclusion of Hydroelectric Plants under the second concession contract that expires in the coming years. Includes Jaguara, São Simão and
Miranda hydro plants.
(**) Takes into account the asset transfer of assets and contracts to Aliança Geração de Energia S.A.
Investor Relations
Telephone: (55-31) 3506-5024
Fax: (55-31) 3506-5025
Email: ri@cemig.com.br
Website: http://ri.cemig.com.br
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