Our advantage is that our reference base is very clear. It’s BRL8.25 and that was on August 8. The value gen is BRL8.25. So the value generated from that is shared with people by means of long-term incentives.
Adriano Rudek de Moura: But what I would like to say, just to conclude my thoughts is that even without that, we are already doing everything we need to do and everything we were committed to do and everything that will generate further value. This just shows our mindset and our commitment and our engagement level, the engagement level of everyone involved. We are fully committed to do what is best for the company, even without having any particular benefit because we are just following the market practices. And this is something that will happen naturally. The important thing here is to generate value to deliver results, to take care of our people and to deliver excellent services to the domestic power system.
Antonio Junqueira: Great. Excellent, thank you.
Operator: Our next question came in writing. Mr. Daniel Travitzky from Safra Bank. He, says, good morning. Could you comment on the dynamics of energy sales? We’ve seen contracts being concluded at average price of BRL175 per megawatt hour. Could you comment on the details of the contracts? And how could that evolve going forward?
Daniel Slaviero: Hello, Daniel. I mean, I cannot give you a lot of details about that strategy because it involves some relevant commercial aspects. And this is a very sensitive market. I think our macro challenge and then – I mean, if my colleagues have some more details, they can go ahead. Our challenge, I would say, is having de-contracted energy when prices go up again. And on the other side, we don’t want to leave everything for PLD for the spot price. So it’s hard to buy a good balance. But in 2024, there is a small surplus of about 5% to 6% in 2026. I mean, removing GSF, right? In 2026, it will be around 10 to 11 – in ‘25, I’m sorry. And from 2026 onwards, we would have a bit more. Therefore, I would say that our view – in our view, we would probably have additional surpluses.
We have three wet periods and two dry periods, and there is a whole debate about the attributes. I mean, there is still a lot to happen. A lot of things will happen. So maybe it’s too soon now to block all of that energy because it’s – the level is relatively low or very low. So with that all, any additional comments?
Adriano Rudek de Moura: No. Perfect. 2024, 2023 is well in place and with good results, 2024 is already contracted. But it’s only after 2026 that we will decommission things. And looking at our sales strategy going forward load and the offers, I think that the prices will increase, and we want to experience this moment so that we can bring better results to the company. In terms of energy planning and commercialization, these two areas are very closely monitoring all of the moves. The important thing is to do the sale at an adequate timing and mindful of the current prices at the level of energy that COPEL has. We have good expectations, and we believe that prices will start to go up after the end of the wet season. And once the system is back to normal.
Operator: The Q&A session is now concluded. We would now like to turn the floor to Mr. Daniel Slaviero for his final remarks.
Daniel Slaviero: Once again, thank you so much for joining us today. We are experiencing a unique moment of our history. This is a very challenging moment, and this will require the best of each one of us here at COPEL. So rest assured that throughout this Q&A session, excellent questions that that referred to the main topics of the company. But I think also we had the opportunity to express our mindset and our commitment level, the commitment of all of the leaders of the company and the company in general. It has to do with me, the officers and everyone involved in the everyday run of the company. Our employees and managers are quite unique. Having said that, I would just like to once again invite you to join us during our COPEL Day. And thank you once again for your interest, for your enthusiast with our company. Thank you, and have a very good day.
Operator: COPEL’s video conference is now concluded. Thank you so much for participating, and have a great day.
