Antonio (Investor)'s questions to Companhia Paranaense de Energia (ELP) leadership • Q4 2024
Question
Via a written question, Antonio asked for the company's outlook on energy price trends for 2025 and 2026, considering factors like reservoir levels, transmission constraints, and peak energy demand.
Answer
CEO Daniel Slaviero provided a broad outlook, explaining that despite high reservoir levels, energy prices are firming up. He attributed this to several factors: a new, more sensitive pricing model (hybrid new wave), the operational need for thermal dispatch during peak hours, the growth of subsidized distributed generation, and some transmission bottlenecks. He concluded that the market is moving toward a scenario where price signals more accurately reflect real-time operational needs, which will lead to periods of higher prices and benefit Copel's results in 2026-27.