Comerc Energia

What Comerc Energia does

Comerc Energia is a Brazilian energy management and commercialization platform headquartered in São Paulo that serves as an intermediary between energy consumers, generators, and distributors in Brazil's Free Energy Market (Mercado Livre de Energia). Founded in 1999, the company operates across four integrated solution pillars: Free Energy Market management (migration, contract negotiation, ongoing trading), electric energy commercialization (including solar subscription and renewable generation partnerships), energy efficiency (customized projects, real-time telemetry, energy storage), and decarbonization (I-REC certificates and carbon credit commercialization). It manages 4,500+ consumer units for 2,000+ companies, holding more than 6% of Brazil's total energy load, and delivered R$5.7 billion in client savings in 2024.

The company operates on a multi-stream revenue model combining transaction fees on energy trading and management contracts, professional services for energy efficiency projects, recurring subscription revenue from solar energy and decarbonization offerings, and licensing/royalty income from renewable generation partnerships such as the 269 MWp Castilho Solar Plant with Eucatex. Its technology backbone includes ISO 9001:2015-certified processes, a real-time telemetry and monitoring platform for consumption tracking, and a dedicated I-REC/carbon credit certification platform. Comerc is a wholly-owned subsidiary of Vibra Energia (acquired for a total of R$6.75 billion across 2021 and 2024), with Vibra's distribution network serving as a channel for cross-sell into the broader Brazilian enterprise market. The company is currently exploring a strategic partnership that would dilute Vibra's stake to ≤50%, with EDF of France positioned as the frontrunner.

Comerc's customer base spans large industrial, agribusiness, commercial, retail, healthcare, and education segments, with named enterprise clients including Embraer, Honda, Ambev, Faber-Castell, Heinz, Iguatemi, Cacau Show, Granado, and Clariant. Its 2025 EBITDA is projected at R$1.05-1.15 billion, revised downward from an original R$1.3 billion projection due to curtailment issues affecting Brazil's renewable sector. The company distributes via direct enterprise field sales, inside sales for mid-market accounts, digital self-service portals (Portal Comerc and Portal Smart Energy), and Vibra's channel network.

Name

Comerc Energia

Legal name

Comerc Energia SA

Website

https://comerc.com.br

Company type

Private

Founded year

1999

Operating status

Operating

Headcount range

501–1,000 employees

Short description

Comerc Energia is a Brazilian energy management and commercialization platform serving 2,000+ companies across 4,500+ consumer units in Brazil's Free Energy Market, offering energy trading, efficiency projects, solar subscription, and I-REC decarbonization services. It holds 6%+ of Brazil's total energy load and is a wholly-owned subsidiary of Vibra Energia.

Ownership category

akta.pro rank

Product category

Energy Management and Commercialization Services

NAICS

Other Travel Arrangement and Reservation Services (56159)

SIC

Electric, Gas & Sanitary Services (4900), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

BESS EPC, Integration & Commissioning (EUAFAAAB)

akta.pro secondary industry

Commercial & Industrial (C&I) BESS EPC & Integration (EUAEAEAB)

Keywords

• Energy commercialization
• Free energy market
• Energy efficiency services
• Decarbonization solutions
• Solar energy subscription

Headquarters

HQ city

São Paulo

HQ country

Brazil

HQ region

Latin America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Operations, Personnel, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Free Energy Market (Mercado Livre de Energia) Management: Comerc acts as an energy trading and management intermediary in Brazil's Free Energy Market, providing management services for energy consumers, generators, and distributors migrating from the regulated market. Revenue is generated through contract negotiation and energy trading commissions and spreads.
2. Energy Efficiency Projects: Delivery of customized energy efficiency projects including capacitor bank installation, motor optimization, lighting upgrades, and overall consumption optimization for industrial and commercial clients.
3. Solar Energy Subscription (assinatura de energia solar): Subscription-based model for solar energy, providing clients with renewable energy supply under long-term contracts.
4. Decarbonization Services: I-REC certification and carbon credit commercialization, helping clients neutralize, decarbonize, or compensate for carbon emissions through certified instruments.
5. Energy Generation Partnerships: Partnerships in renewable energy generation including solar and wind projects, generating revenue through co-investment and power purchase agreements.

Pricing tiers

Go-to-market motion1 record

Distribution channels4 records

Marketing channels8 records

Core offering

Comerc Energia is a Brazilian energy management and commercialization platform that helps businesses migrate from the regulated electricity market to Brazil's Free Energy Market (Mercado Livre de Energia), providing contract negotiation, ongoing energy procurement, demand management, real-time telemetry monitoring, customized energy efficiency projects, solar energy subscription, energy storage solutions, and decarbonization services including I-REC certification and carbon credit commercialization. The company manages more than 4,500 consumer units and serves over 2,000 companies across Brazil.

Product overview

Comerc Energia operates as an integrated energy management and commercialization platform offering solutions across the Brazilian free energy market (Mercado Livre de Energia). The core offering consists of four main pillars: Mercado Livre de Energia (energy market access and management), Energia Elétrica (commercialization and renewable generation partnerships), Eficiência Energética (consumption optimization and telemetry), and Descarbonização (carbon credits and I-REC certificates). These are supported by specialized modules including Telemetria for real-time monitoring, Armazenamento de Energia for storage solutions, and solar subscription services. The platform serves diverse market segments including industry, retail, commerce, agribusiness, healthcare, education, and residential customers, managing over 4,500 consumer units and delivering R$5.7 billion in customer savings in 2024.

Differentiator

Problem solved

Functional benefit

Brands

• Comercast: Podcast by Comerc Energia covering topics related to the free energy market, energy efficiency, and decarbonization.

Products and services

• Mercado Livre de Energia (Free Energy Market Services) Comprehensive energy management solutions enabling businesses to migrate from the regulated electricity market to Brazil's Free Energy Market (Ambiente Livre de Contratação). Provides contract negotiation, ongoing energy procurement, and management of consumer units, generators, and distributors.
• Energia Elétrica (Electric Energy Commercialization) Electric energy commercialization services including energy sales, solar energy subscription programs, and partnerships in renewable energy generation (solar and wind projects).
• Eficiência Energética (Energy Efficiency) Customized energy efficiency solutions for measuring and reducing company energy consumption without sacrificing productivity. Includes capacitor bank installation, motor optimization, lighting upgrades, telemetry monitoring, and energy storage solutions.
• Descarbonização (Decarbonization) Decarbonization strategies helping businesses neutralize, decarbonize, or offset carbon emissions. Includes I-REC (International Renewable Energy Certificate) trading and carbon credit commercialization for ESG compliance and international market access.
• Assinatura de Energia Solar (Solar Energy Subscription) Solar energy subscription service allowing businesses and residential customers to source renewable energy through long-term subscription contracts without upfront capital investment in generation infrastructure.
• Telemetria (Telemetry Monitoring) Real-time energy monitoring solutions enabling continuous tracking of energy consumption, demand measurement, power factor, and identification of peak usage hours to prevent penalty fees and enable immediate corrective actions.
• Armazenamento de Energia (Energy Storage) Energy storage solutions complementing renewable generation to ensure continuous power supply in remote areas and prevent production losses from grid outages.

Quantifiable outcome

• R$5.7 billion in client savings in 2024, up from R$3.2 billion in 2023
• +5 more outcomes

Named customers11 records

Segments7 records

Ideal customer profiles5 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• EucatexcoreStrategic or Co-development Partner · 27 March 2026Eucatex, a Brazilian wood products company, partnered with Comerc Energia for the Castilho Solar Plant (269 MWp) project, which supplies 50% of Eucatex's factory electricity consumption. This partnership is a core generation partnership involving renewable energy supply.

Scale indicators10 records

Recent moves6 records

Expansion highlights5 records

Broad incumbents

• Engie Brasil: Engie Brasil is one of Brazil's largest private energy companies with generation, transmission, and commercialization operations. It competes with Comerc in energy trading and offers integrated solutions spanning generation to retail, though as a much larger diversified incumbent.
• EDP Energias do Brasil: EDP Energias do Brasil is the Brazilian subsidiary of EDP, operating in distribution, generation, and energy commercialization. It provides competing Free Energy Market services to C&I clients and offers solar solutions comparable to Comerc's product set.
• CPFL Energia: CPFL Energia is a major Brazilian energy distribution and commercialization company owned by State Grid of China. It operates in adjacent segments to Comerc, including Free Energy Market commercialization and energy services for C&I clients across Brazil.
• EDF (Électricité de France): EDF is a major French state-owned utility and the frontrunner strategic partner for Vibra's Comerc stake. EDF operates internationally in generation, trading, and energy services, with capabilities that would be highly relevant to Comerc's commercial and renewable trading businesses.

Direct peers

• Omega Energia: Omega Energia is a Brazilian energy retailer specializing in renewable energy supply to commercial and industrial clients via the Free Energy Market. It is a direct competitor to Comerc's commercialization and solar subscription businesses with a comparable go-to-market focus.
• Auren Energia: Auren Energia is a Brazilian integrated energy company with energy commercialization, generation, and distribution operations. It competes directly with Comerc in energy trading and commercialization within Brazil's Free Energy Market, serving similar commercial and industrial clients.
• Eneva: Eneva is a Brazilian integrated energy company focused on reservoir-to-wire generation and energy commercialization. It operates in both generation and trading, competing with Comerc on supply-side renewable commercialization and serving overlapping industrial customers in Brazil.

Others

• Vibra Energia: Vibra Energia is Comerc's parent company and one of Brazil's largest fuel distributors (R$37.8B valuation). While Vibra's primary business is fuel and lubricants, it provides distribution synergies and capital backing to Comerc, making it a related-party ecosystem participant rather than a direct competitor.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks5 records

Key highlights7 records

Customer concentration

• YouTubeyoutube.com/@ComercEnergia
• Facebookfacebook.com/comercenergia
• LinkedInlinkedin.com/company/comerc-energia
• Instagraminstagram.com/comercenergia
• Xx.com/comercenergia

Compliance1 record

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Subsidiaries15 records

Funding overview

Funding rounds1 record

Investors1 record

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Comerc Energia