Energy Newsletter – April 2026: decisive moves in the energy market
The April 2026 Energy Newsletter brings the main regulatory developments in the Brazilian electricity sector, with highlights on the renegotiation of the Public Asset Use (UBP) balances of hydropower plants, the developments of the 2026 Capacity Reserve Auction in the Form of Power (LRCAP 2026) in the administrative, judicial, and legislative spheres, and new public […]
2026 Capacity Reserve Auction: Recent Discussions on the Auction
1. Background The 2nd and 3rd 2026 Capacity Reserve Auctions in the Form of Power (“LRCAP 2026”),, held on 18 and 20 March 2026, contracted approximately 19,479 MW of power, with estimated obligations of R$ 517 billion in fixed revenue over contracts of up to 15 years. The auction, conducted by National Electric Energy Agencu […]
MME publishes rules for Access Seasons under the National Policy on Access to the Transmission System
On 27 April 2026, the Ministry of Mines and Energy (“MME”) published MME Normative Ordinance No. 129/2026 (“Ordinance”), following MME Public Consultation No. 217/2026. The regulation establishes the guidelines applicable to the Access Seasons provided for in Decree No. 12,772 of 5 December 2025, which established the National Policy on Access to the Transmission System […]
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:
Aline Pardi
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 […]