en.Wedoany.com Reported - Since 2026, Trafigura Group, StoneX, Macquarie Group, and Danske Commodities have successively expanded their operations in Brazil's power trading market, covering wholesale power trading, power purchase agreements, price risk management, financing, and complex deal structuring. The institutions are at different stages of market entry, with Trafigura having completed its first transaction and StoneX still in the pre-launch phase of its trading operations.

Trafigura obtained a wholesale power trading license from Brazil's National Electric Energy Agency (ANEEL) in June, authorizing it to conduct power supply, trading, and power purchase agreement operations locally. In July, the company completed its first power transaction after entering the Brazilian market, taking on a $150 million long-term power purchase agreement for electricity supplied by CGN Brazil Energy, and plans to sell the power under the agreement to customers in Brazil's free electricity market.

StoneX has established its first global power trading desk in Brazil and has begun offering price risk management services to energy companies. The company is still assessing geopolitical risks and the operating conditions of local Brazilian power traders, and its formal trading operations have not yet commenced. Macquarie Group has also been expanding its local power business since 2025, focusing on price risk management, financing, and complex trading structure design.

Danske Commodities entered Brazil in 2023 and expanded its trading activities in 2026 following regulatory approvals and market risk assessments. The company has assembled a team in Brazil covering trading, finance, risk, and legal affairs, and continues to recruit power trading personnel.

As international institutions expand their operations, some small and medium-sized Brazilian power traders are facing debt defaults, judicial restructuring, and liquidity pressures. Market participants and regulators are studying measures to enhance trading security, including collateral requirements and the development of exchange-based power trading mechanisms.

Brazil's free electricity market allows customers to choose their own power suppliers and negotiate prices, payment terms, and energy sources. Since January 2024, users connected to high-voltage and medium-voltage grids have been eligible to enter this market; that year saw 26,834 new migrating customers, more than triple the number in 2023.