Brazil PLD price spikes 2,409% as ONS raises October load forecast
ONS lifts October load growth forecast to 4.9% as PLD hits R$ 1,437/MWh on heat and wind shortfall.
Brazil's electricity market saw extreme price volatility on October 15, when the PLD — the Price of Settlement of Differences — surged to R$ 1,437/MWh from a floor of R$ 57.31/MWh. That represents a v...