Volume (MWh) | Chg. 1Q16/ 1Q15 | Customers (unit) | Chg. 2016/ 2015 | |||
1Q16 | 1Q15 | 1Q16 | 1Q15 | |||
EDP BANDEIRANTE | ||||||
Residential | 906,827 | 935,136 | -3.0% | 1,619,352 | 1,587,004 | 2.0% |
Industrial | 480,263 | 578,216 | -16.9% | 12,387 | 12,476 | -0.7% |
Commercial | 581,577 | 606,220 | -4.1% | 120,489 | 118,505 | 1.7% |
Rural | 20,445 | 22,394 | -8.7% | 7,968 | 7,992 | -0.3% |
Other | 222,192 | 225,834 | -1.6% | 13,644 | 13,387 | 1.9% |
Energy Supplied to Final Customers | 2,211,304 | 2,367,799 | -6.6% | 1,773,840 | 1,739,364 | 2.0% |
Supply | 10,613 | 11,462 | -7.4% | 2 | 2 | 0.0% |
Energy in transit (UDS) | 1,375,988 | 1,394,117 | -1.3% | 183 | 173 | 5.8% |
Free customers | 1,317,845 | 1,335,204 | -1.3% | 181 | 171 | 5.8% |
Concessionaries | 58,143 | 58,913 | -1.3% | 2 | 2 | 0.0% |
Generation usage | 0 | 0 | - | 0 | 0 | - |
Own consumption | 1,596 | 1,710 | -6.7% | 167 | 166 | 0.6% |
Total Energy Distributed | 3,599,500 | 3,775,088 | -4.7% | 1,774,192 | 1,739,705 | 2.0% |
EDP ESCELSA | ||||||
Residential | 651,350 | 649,612 | 0.3% | 1,162,422 | 1,124,862 | 3.3% |
Industrial | 253,422 | 279,342 | -9.3% | 11,807 | 12,013 | -1.7% |
Commercial | 407,237 | 415,334 | -1.9% | 121,309 | 120,555 | 0.6% |
Rural | 205,359 | 231,814 | -11.4% | 178,435 | 171,345 | 4.1% |
Other | 209,014 | 191,619 | 9.1% | 13,134 | 13,044 | 0.7% |
Energy Supplied to Final Customers | 1,726,382 | 1,767,722 | -2.3% | 1,487,107 | 1,441,819 | 3.1% |
Supply | 150,237 | 168,676 | -10.9% | 1 | 1 | 0.0% |
Energy in transit (UDS) | 776,975 | 1,050,395 | -26.0% | 89 | 77 | 15.6% |
Free customers | 759,285 | 1,046,830 | -27.5% | 69 | 57 | 21.1% |
Concessionaries | 17,690 | 3,565 | 396.2% | 1 | 1 | 0.0% |
Generation usage | 0 | 0 | - | 19 | 19 | 0.0% |
Own consumption | 2,188 | 2,265 | -3.4% | 209 | 202 | 3.5% |
Total Energy Distributed | 2,655,781 | 2,989,058 | -11.1% | 1,487,406 | 1,442,099 | 3.1% |
DISTRIBUTION | ||||||
Residential | 1,558,177 | 1,584,748 | -1.7% | 2,781,774 | 2,711,866 | 2.6% |
Industrial | 733,685 | 857,558 | -14.4% | 24,194 | 24,489 | -1.2% |
Commercial | 988,814 | 1,021,554 | -3.2% | 241,798 | 239,060 | 1.1% |
Rural | 225,804 | 254,207 | -11.2% | 186,403 | 179,337 | 3.9% |
Other | 431,206 | 417,453 | 3.3% | 26,778 | 26,431 | 1.3% |
Energy Supplied to Final Customers | 3,937,685 | 4,135,521 | -4.8% | 3,260,947 | 3,181,183 | 2.5% |
Supply | 160,850 | 180,138 | -10.7% | 3 | 3 | 0.0% |
Energy in transit (UDS) | 2,152,963 | 2,444,512 | -11.9% | 272 | 250 | 8.8% |
Free customers | 2,077,130 | 2,382,035 | -12.8% | 250 | 228 | 9.6% |
Concessionaries | 75,833 | 62,478 | 21.4% | 3 | 3 | 0.0% |
Generation usage | 0 | 0 | - | 19 | 19 | 0.0% |
Own consumption | 3,783 | 3,975 | -4.8% | 376 | 368 | 2.2% |
Total Energy Distributed | 6,255,281 | 6,764,146 | -7.5% | 3,261,598 | 3,181,804 | 2.5% |
Note: Other = Public entities + Public lighting + Public services UDS: Usage of the Distribution System |
1
Commercial 16.2%
Rural
0.6%Other
6.2%
Commercial 15.3%
Rural 7.7%
Other 7.9%
Industrial
13.3%
Residential 25.2%
Energy in Transit
38.2%
Supply + Own Consump.
0.3%
Industrial
9.5%
Residential 24.5%
Energy in Transit 29.3%
Supply + Own Consump.
5.7%
Residential and Commercial: the consumption on the residential and commercial segments decreased by 1.7% and 3.2%, respectively. This reduction is due to the negative impact of increase on unemployment 1 (6.8%), the reduction in the real average income 2 (-2.4%) and by the increase of inflation 3 (IPCA 9.39%), that reduced the consumer's purchasing power.
EDP Bandeirante: the consumption of residential and commercial segments decreased by 3.0% and 4.1%, respectively, influenced by the effects already mentioned above and by lower average number of billing days in the Low Tension (-0.5 days). In the commercial segment, the migration of four clients to the free market (two in 4Q15 and two in 1Q16) did not affect significantly the consumption variation between the quarters. EDP Escelsa: the consumption of residential remain stable (0.3%) while the commercial segment decreased 1.9%. Despite the higher average number of billing days in 1Q16 (+1.7 days), the temperatures recorded in the state of Espírito Santo were milder compared to the same period last year, a period marked by high temperatures and drought (variation of 0.6°C between the quarters). In the commercial segment, the highlight is the migration of eight clients to the free market (one in the 4Q15 and seven in 1Q16). Excluding the effect of these eight clients, the reduction would be 1.4%.Consumption per residential customer presented decrease of 5.2% and 3.0% at EDP Bandeirante and EDP Escelsa, respectively, reflecting the economic effects and consumer reaction to the effects of tariff increases.
Source: IBGE. National Household Sample Survey (Pnad) - January, 2016. Moving Average November 2015 to January 2016 compared to the same period last year;
Source: IBGE. National Household Sample Survey (Pnad) - January, 2016. Moving Average November 2015 to January 2016 compared to the same period last year;
Source: IBGE. National Index of Price for Consumers - IPCA - March, 2016;
Residential Segment
Consumption per Customer (KWh)
Var. 1Q16/
1Q15
1Q16
1Q15
EDP Bandeirante
186.8
197.1
-5.2%
EDP Escelsa
187.4
193.3
-3.0%
Industrial: decrease of 14.4% due to the contraction of industrial production in Brazil (reduction of 11.8%4).
EDP Bandeirante: the decrease of 16.9% of consumption in the industrial segment is due to the contraction of industrial production in the state of São Paulo (-14.2%5 in the first two months of 2016 when compared to the same period of last year, highlighting the automotive segment with 30.8% reduction). Additionally, there was a migration of 10 clients (one in the 4Q15 and nine in 1Q16) to the free market, the shutdown of a significant client of cellulose segment and the return of two other clients to the captive market. Disregarding these three effects, the segment would have retreated 14.4% in 1Q16.
EDP Escelsa: decrease of 9.3% in industrial consumption is mainly due to reduction of non-metallic mineral industries (-12.3 %) and food products (-2.4 %). Additionally, the result was impacted by: (i) decrease in the industrial production in Brazil (-11.8%6); and (ii) the migration of three clients (one in 2Q15, one in 4Q15 and one in 1Q16) to the free market. Excluding the effect of such migration, the reduction would be 6.5%.
- Rural: the reduction of 11.2 % (8.7% at EDP Bandeirante and 11.4% at EDP Escelsa) is due to: (i) downturn in the economy and the increase in energy tariffs in EDP Bandeirante; and (ii) milder temperatures and high volume of rain in the state of Espírito Santo in 1Q16 when compared to the same period of last year, reducing the energy consumption for irrigation in EDP Escelsa.
The volume of energy sold reached 3,274 GWh, increase of 42.1% when compared to 2,305 GWh 1Q15. This increase is due to the accounting of Pecém I TPP's volume that is been considered since May 2015, date that the Company started to consolidate the asset.
Source: IBGE. Monthly Research of Industry - February, 2016; 5 Source: IBGE. Monthly Research of Industry - February, 2016; 6 Source: IBGE. Monthly Research of Industry - February, 2016;
Excluding the volume of Pecém I TPP, and considering only the energy sold by hydro's of the group by the consolidation method, the volume of energy decreased 16.3%. The difference is due to three reasons: (i) sale of Pantanal Energética, whose closing took place on January 29, 2016; (ii) closure of Enerpeixe's contracts on January 31, 2016, being 31 MW remaining intended to hedge strategy of the Company and; (iii) seasonal adjustment effect and short-term operations in 2015.
Considering the availability of Pecém I TPP, in both periods, and 50% of the Jari HPP (237 GWh), the volume of the group reached 3,506 GWh in the quarter, increase of 9.5%.
Bellow we present the chart with seasonality strategy of energy sold by hydro power plants in 2015 and 2016, following the criteria of consolidation.
2015 2016
2015 2016 (e)
2,305
1,930
2,014 1,9351,919
1,8101,856
1,699
26%
23%
25% 25%
1Q 2Q 3Q 4Q
1Q 2Q 3Q 4Q
*Estimate values for 2Q, 3Q and 4Q of 2016.
The average GSF presented in the quarter was 87.5%, representing an exposure of 264 GWh, excluding the impact of Jari HPP, the average spot prices of R$ 34.6/MWh (SE/Central-Western submarket).
The volume of energy traded reached 2,556 GWh, stable when compared to 2,514 GWh traded in 1Q15. Although the higher volatility scenario caused by the PLD decrease and, consequently, higher liquidity during the period, there was not increase in the volume traded.
EDP - Energias do Brasil SA issued this content on 19 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 19 April 2016 22:06:04 UTC