Energy Newsletter | March 2026

Our experts provide a comprehensive overview about news affecting projects, contracts, and investments in the sector. Read the full material:
Energy Transition Newsletter #5

January and February saw significant progress in Brazil’s energy transition, with developments in electricity, nuclear power, offshore energy, green hydrogen, and biofuels. Here are some of the key highlights: Read the full material:
Brazilian Electric Sector: what changed in January and February 2026

January and February 2026 concentrated significant developments in the Brazilian electric sector: ANEEL approved the notices for the 2026 Capacity Reserve Auctions (LRCAP), advanced in the digitization of networks with the publication of Normative Ordinance No. 126 and the opening of Public Consultation No. 1/2026 on measurement systems, and ratified the new Bylaws of the […]
MME Ordinance No. 125/2026: Changes to LRCAP 2026

1. Introduction The 2026 Capacity Reserve Auction in the form of Power (“LRCAP 2026”) is intended for the contracting of power from new and existing natural gas-fired thermoelectric generation projects, existing coal-fired projects, and the expansion of hydroelectric projects. The Guidelines and System for conducting the Auction were defined by the Ministry of Mines and […]
Energy Newsletter – December 2025

December 2025 marked significant advances in the Brazilian electricity sector with the establishment of the National Policy for Access to the Transmission System through Decree No. 12,772/2025, the completion of the first competitive mechanism for contracting reactive power support with an average discount of 21%, and the opening of public consultations on compensation for generation […]
Energy Newsletter November 2025 | Auctions and Regulation

November 2025 saw progress in the Brazilian electricity sector, with Existing Energy Auctions generating R$6.48 billion, Transmission Auction No. 01/2026 being submitted to the TCU and Law No. 15,269 being passed, modernizing the energy market. Our experts highlight: Read in full:
Electricity Sector Reform: Enactment of Law No. 15,269/2025

The Federal Government published on November 25, Law No. 15,269, originating from Provisional Measure No. 1,304/2025, which establishes measures for the modernization of the Brazilian electricity sector. The provisions vetoed by the Presidency of the Republic will be deliberated by the National Congress in a joint session within 30 calendar days after receiving the reasons […]
Energy Newsletter: Auctions, Free Market and Climate Resilience – October 2025

October 2025 marked regulatory advances in the Brazilian electricity sector with the approval of notices for the Existing Energy Auctions, definition of guidelines for the Capacity Reserve Auctions, and approval of PM 1,304/2025, which expands the free market to low-voltage consumers. The Transmission Auction moved R$ 5.53 billion, while new rules on climate resilience and […]