Company: PBR
Filing Date: 2025-04-03
Form Type: 20-F
Source: 0001292814-25-001352
Chunk: 92

Company: PETROBRAS - PETROLEO BRASILEIRO SA
Filing Date: 2025-04-03
Form: 20-F
Item: Item 17
Chunk 92
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 power plants generate more electricity. As a result, under these circumstances, there is less demand for power generation by thermoelectric power plants.
 We generate and sell electric power from a generator complex consisting of 13 thermoelectric power plants that we own or lease, operating under the authorization regime as an independent power producer. They are powered by natural gas or diesel, with a total installed capacity of 4,910 MW. These plants are designed to be dispatched by the ONS whenever necessary, in order to supplement power from the hydroelectric power plants and, in more recent years, also from wind and photovoltaic solar power plants.
 In 2024, the total electricity generated in Brazil, according to the ONS, was 79,116 GWavg. Our thermoelectric power plants contributed 751 MWavg (612 MWavg in 2023 and 859 MWavg in 2022). This increase in total generated electricity was due to a growing demand from the system related to peak load.
 In addition, we hold participation in other projects of power generation representing 82 MW in our electricity generation capacity.
 We also have some investments in renewable power generation sources in Brazil. We own a solar power pilot plant, Alto do Rodrigues Photovoltaic Unit with 1 MW of solar capacity.
 
SALES AND GENERATION OF ELECTRICITY(1)

                      2024                         2023    2022
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Electricity sales (ACL) – average MW(2)     888   1,515   1,099
Electricity sales (ACR) – average MW      1,109   1,655   2,053
Electricity generation – average MW         751     612     859

(1)           The generation value in the table above        
      includes only the plants where we manage the operation.
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(2)                                          Includes electricity sales from the Gas                                       
      &amp; Low Carbon Energies segment to other operating segments. Service and other revenues from electricity companies.
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Annual Report and Form 20-F 2024 | 135

                                                                  Electricity                                                                  
                                              sales and commitments for future generation capacity                                             
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Under                                                                                                                                          
Brazil’s power pricing regime, a thermoelectric power plant is only allowed to sell electricity that is certified by the MME and               
that corresponds to a fraction of its installed capacity. The certificate is granted to ensure a constant sale of commercial capacity          
over the course of years to each