Brazil to Hold December Auction for Power From Existing Plants

Oct. 9 (Bloomberg) — Brazil’s Ministry of Mining and
Energy will hold an auction for electricity from existing power
plants on Dec. 5.

In the so called A-1 auction, energy companies will compete
for contracts to sell power starting Jan. 1, the ministry said
in a statement on its website today.

Thermal plants, which can use coal, biomass or natural gas,
may win three-year contracts to sell power. Other energy sources
will bid for two- or five-year deals.

In Brazil’s energy auctions, developers bid down the price
at which they’re willing to deliver electricity. The lowest bids
win contracts to sell power to distributors.

To contact the reporter on this story:
Vanessa Dezem in Sao Paulo at

To contact the editors responsible for this story:
Reed Landberg at
Will Wade, Steven Frank

About BloombergNEF

BloombergNEF (BNEF), Bloomberg’s primary research service, covers clean energy, advanced transport, digital industry, innovative materials and commodities. We help corporate strategy, finance and policy professionals navigate change and generate opportunities.

Available online, on mobile and on the Terminal, BNEF is powered by Bloomberg’s global network of 19,000 employees in 176 locations, reporting 5,000 news stories a day.
Sign up for our free weekly newsletter →

Want to learn how we help our clients put it all together? Contact us