The project’s objective includes the investigation of the technical, economic, and regulatory aspects of calculating Brazil’s physical guarantee; obtaining a solid theoretical and experimental basis that supports the proposed methodologies and criteria for the calculation and review of the physical guarantee; and presenting regulatory proposals for maintaining the stability of the certificates and revising these values based on technical and regulatory aspects.
Broadly, the R&D project proposes that the distribution of the hydraulic block among hydroelectric plants be carried out based on each plant’s spot income (a methodology known as Marginal Benefit), considering an adjustment to correctly calculate the downstream benefit of existing reservoirs. As a result, it is observed that the new distribution methodology results in a fairer allocation of the GF, increasing the value for plants with reservoirs.
