{"id":1005920,"date":"2023-10-17T17:57:35","date_gmt":"2023-10-17T20:57:35","guid":{"rendered":"https:\/\/novosite.psr-inc.com\/noticia\/ccee-and-psr-host-a-workshop-on-energy-price-formation\/"},"modified":"2023-10-17T18:06:34","modified_gmt":"2023-10-17T21:06:34","slug":"ccee-and-psr-host-a-workshop-on-energy-price-formation","status":"publish","type":"noticia","link":"https:\/\/www.psr-inc.com\/en\/news\/ccee-and-psr-host-a-workshop-on-energy-price-formation\/","title":{"rendered":"CCEE and PSR host a workshop on energy price formation"},"content":{"rendered":"<div class=\"vgblk-rw-wrapper limit-wrapper\"><span dir=\"ltr\" role=\"presentation\">Officials from the electricity sector and representatives of market companies will gather on <\/span><span dir=\"ltr\" role=\"presentation\">Wednesday, October 18th, in S\u00e3o Paulo, to discuss the formation of electric energy prices at <\/span><span dir=\"ltr\" role=\"presentation\">the &#8220;Meta II Price Formation: Perceptions and Determinants&#8221; workshop organized by the <\/span><span dir=\"ltr\" role=\"presentation\">Chamber of Electric Energy Commercialization (CCEE) and PSR Consulting Solutions. <\/span><span dir=\"ltr\" role=\"presentation\">Although in-person registrations are closed, the event will be live-streamed, and you can <\/span><span dir=\"ltr\" role=\"presentation\">register via the following link:<\/span> <a href=\"https:\/\/www.meta2formacaodepreco.com.br\/\"><span dir=\"ltr\" role=\"presentation\">https:\/\/www.meta2formacaodepreco.com.br\/<\/span><\/a><span dir=\"ltr\" role=\"presentation\">.<\/span><\/p>\n<p><span dir=\"ltr\" role=\"presentation\">This event marks the first of its kind within the scope of the &#8220;Study on the short-term <\/span><span dir=\"ltr\" role=\"presentation\">electric energy price formation: an analysis of the Brazilian market.&#8221; The project will <\/span><span dir=\"ltr\" role=\"presentation\">evaluate potential enhancements to the current electricity pricing model in the country and <\/span><span dir=\"ltr\" role=\"presentation\">compare the benefits and challenges of its potential replacement with alternative <\/span><span dir=\"ltr\" role=\"presentation\">approaches.<\/span><\/p>\n<p><span dir=\"ltr\" role=\"presentation\">The event is part of the broader &#8220;Meta II&#8221; program, established by the International Bank <\/span><span dir=\"ltr\" role=\"presentation\">for Reconstruction and Development (IBRD) and the Ministry of Mines and Energy <\/span><span dir=\"ltr\" role=\"presentation\">(MME), with an approximate investment of $38 million in dozens of initiatives. It <\/span><span dir=\"ltr\" role=\"presentation\">reinforces the ministry\u2019s role in coordinating efforts, since participants do not provide <\/span><span dir=\"ltr\" role=\"presentation\">financial contributions and collaborate with the ministry. The CCEE, in particular, received <\/span><span dir=\"ltr\" role=\"presentation\">a budget of R$33 million for a total of four projects, and in May of this year, it signed a <\/span><span dir=\"ltr\" role=\"presentation\">contract with PSR for the execution of this Price Formation project.<\/span><\/p>\n<p><span dir=\"ltr\" role=\"presentation\">With a duration of 30 months, the project aims to identify the best arrangement for the <\/span><span dir=\"ltr\" role=\"presentation\">Brazilian market, including necessary adjustments in the commercial and regulatory <\/span><span dir=\"ltr\" role=\"presentation\">environment, and best business practices. The work also involves an analysis phase of the <\/span><span dir=\"ltr\" role=\"presentation\">current cost-based price formation mechanism, which should highlight the necessary <\/span><span dir=\"ltr\" role=\"presentation\">advancements to improve operational efficiency and economic signaling associated with <\/span><span dir=\"ltr\" role=\"presentation\">computational models.<\/span><\/p>\n<p><span dir=\"ltr\" role=\"presentation\">The research should also present a comparative analysis of the advantages and <\/span><span dir=\"ltr\" role=\"presentation\">disadvantages between cost-based price formation and offer-based price formation. It will <\/span><span dir=\"ltr\" role=\"presentation\">involve the development of software capable of simulating the consequences of different <\/span><span dir=\"ltr\" role=\"presentation\">regulatory strategies on the system.In addition to this initial workshop, various events have <\/span><span dir=\"ltr\" role=\"presentation\">been planned throughout the project&#8217;s duration, ensuring public engagement in crucial <\/span><span dir=\"ltr\" role=\"presentation\">development phases.<\/span><\/p>\n<p><span dir=\"ltr\" role=\"presentation\">You<\/span> <span dir=\"ltr\" role=\"presentation\">can<\/span> <span dir=\"ltr\" role=\"presentation\">find<\/span> <span dir=\"ltr\" role=\"presentation\">the<\/span> <span dir=\"ltr\" role=\"presentation\">schedule<\/span> <span dir=\"ltr\" role=\"presentation\">for<\/span> <span dir=\"ltr\" role=\"presentation\">the<\/span> <span dir=\"ltr\" role=\"presentation\">workshop<\/span> <span dir=\"ltr\" role=\"presentation\">on<\/span> <span dir=\"ltr\" role=\"presentation\">the<\/span> <span dir=\"ltr\" role=\"presentation\">project&#8217;s <\/span><span dir=\"ltr\" role=\"presentation\">portal:<br \/>\n<a href=\"https:\/\/www.meta2formacaodepreco.com.br\/eventos\">https:\/\/www.meta2formacaodepreco.com.br\/eventos<\/a><br \/>\n<\/span><\/div>\n<p><!-- .vgblk-rw-wrapper --><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Officials from the electricity sector and representatives of market companies will gather on Wednesday, October 18th, in S\u00e3o Paulo, to discuss the formation of electric energy prices at the &#8220;Meta II Price Formation: Perceptions and Determinants&#8221; workshop organized by the Chamber of Electric Energy Commercialization (CCEE) and PSR Consulting Solutions. Although in-person registrations are closed,&#8230;<\/p>\n","protected":false},"author":1,"featured_media":999028,"template":"","meta":{"_acf_changed":false},"categories":[],"class_list":["post-1005920","noticia","type-noticia","status-publish","has-post-thumbnail","hentry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>News<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.psr-inc.com\/en\/news\/ccee-and-psr-host-a-workshop-on-energy-price-formation\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"News\" \/>\n<meta property=\"og:description\" content=\"Officials from the electricity sector and representatives of market companies will gather on Wednesday, October 18th, in S\u00e3o Paulo, to discuss the formation of electric energy prices at the &#8220;Meta II Price Formation: Perceptions and Determinants&#8221; workshop organized by the Chamber of Electric Energy Commercialization (CCEE) and PSR Consulting Solutions. 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