That’s our expectation. And we believe that at some point, linked to the rains forecast and the model that is being sought and perfected, and even the increase of load due to economic growth, the prices will go back to the levels we were used to. Also including these low prices harm not only generators, but distributors and may cause a general problem, also for the expansion of the system, which is a highly strategic relevant process for Brazil to have this expansion, especially of renewable energies done consistently. Berto, anything to add?
Unidentified Company Representative: Good morning. And Daniel gave you an overview of the commercialization of energy at COPEL GeT and Mercado Livre. For 2024, we had a favorable condition. We have a high level of PEMEX for energy sale and a contracting level above 80% for 2023, that. For 2024, we also have a comfortable contracting level, not the same level that 2023, but it’s a good level. We’re watching all changes and variations in the market as Daniel mentioned the hydro crisis in 2021. 2022 to 2023, the great abundance in the levels of storage of the reservoirs, which reflects on future prices, also the strong massive entry of distributed generation, the load is not going in as expected with the country’s economic growth that was expected to be stronger, but we have a qualified strategy to check our on-time sales strategy and the adequate contracting level, looking at the GSF projections, and we have our hedge in line with our portfolio.
It’s also an essential strategy that our purchase and sale proposal and evaluation considers the renewal of the three major plants integrating into this portfolio, all of these plants physical guarantee. So our portfolio considers that as well. So it’s a moment where prices are decreasing, but we still have periods with an expectation of economic growth for the country, new rainy periods at the end of this year and from October to February. So things may bring better conditions and the prices will follow.
Operator: Thank you. We now close the question-and-answer session. I’d like to turn the floor to Mr. Slaviero for his final remarks. Please, Mr. Slaviero, you may proceed here.
Daniel Slaviero: I’d like to thank all participants once again. I believe with the volume of people attending and the questions show us how COPEL is a company that has been well, followed and attractive to the market to investors in the process we’re leaving and the results, the assets, and that shows great opportunities. I don’t want to be a mono-themed company, but we have two big things that we must do to take care of the operations very well with the excellence of our assets, serve our customers very well, execute the investment plan that’s already programmed. But with a full focus on the complete priority of the company, which is the transformation into a corporation. We’re very dedicated, well advised for this to develop as fast as possible with seriousness and transparency with all of the governance rights because this will unlock a lot of value for the company, for its employees, for the national electricity system, for the shareholders.
And the company will continue, and will enter a new phase of development, growth and value generation to everyone who follow, invest, and work, and are affected by our COPEL. Thank you all very much, and we’ll remain here steady, strong and enthusiastic with our work.
Operator: COPEL’s video conference has now closed. We thank you all for your participation. Have an excellent day.
