According to what is established in article 87 of the General Electricity Law Regulation, the National Electric Energy Commission (CNEE) is responsible for calculating the quarterly tariff adjustment, based on the difference between initially projected costs and the real costs of energy and power purchases made by distributors during the months of April to June 2019.

The document states that "... In general terms, it is possible to indicate that for the calculation of this quarterly adjustment, the costs of power and energy purchases made by distributors to supply their users were affected by the behavior of certain variables that influenced generation costs, such as:

The drought that has been affecting the hydroelectric production, substituting the same by a greater generation of energy with thermal power stations, resulting in higher production costs. The indicated in the previous paragraph has had incidence in the SPOT price of energy in the Wholesale Market, presenting a 32% year on year increase regarding the costs of the previous year, for the same quarter of costs analyzed. The exchange rate continues to be maintained at values with a significant increase in relation to historical values.

However, despite the effect of the above-mentioned contingencies, it has been possible to mitigate the impacts on the increase in supply costs to a certain extent, given the degree of diversification of the national energy matrix, which includes several renewable and thermal generation technologies, since it allows electricity supply to continue to be guaranteed, within a margin of price stability. For this reason, this Commission highlights the importance of continuing to advance in the diversification of the energy matrix and the development of generation projects with renewable resources, in accordance with Energy Policy 2013-2027 established by the Ministry of Energy and Mines."

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