Privatization - Brazil

Brazil's Copel posts 5.4% rise in 2012 power distribution

Brazil's Copel posts 5.4% rise in 2012 power distribution

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Brazilian power firm Copel has reported a 5.4% rise in the distribution of electric power to 24.6GWh in 2012 compared to the prior year.

The expansion includes a 3.5% increase in the captive market to 23.2GWh and a 52% jump in free market distribution to 1.40GWh, the company said in a statement.

Despite the overall rise, industrial consumption fell 1% to 7.39GWh, a result the company blames on falling production and the "migration of major clients to the free market."

In the same period, residential power use grew 5.4% to 6.56GWh with Copel citing easier access to credit, higher disposable income and increased temperatures for the demand spike.

The commercial sector reported a rise of 5.9% to 5.05GWh while rural electricity consumption soared 8.2% to 2.03GWh.

Copel's distribution network includes 3.8mn consumer units across 393 cities in the southern state of Paraná.