Insight
Brazil’s 2021 emergency auction: Water scarcity yielded record high electricity prices
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 25 October, Brazilian authorities held an emergency capacity auction to help the country navigate through the severe drought that continues to affect the nation. A total of 1,221 MW of capacity (including 1,178 MW of natural gas-fired plants) secured contracts at an average price of R$ 1,564/MWh (US$ 281/MWh), setting a record for the country. Developers adopted a wide variety of strategies to make successful bids in the auction, which awarded power purchase agreements (PPAs) for the period between May 2022 and December 2025.
Table of contents
- No table of contents specified
Tables and charts
No table or charts specified
What's included
This report contains:
Other reports you may be interested in
Insight
Beyond costs: How operational flexibility would reshape the 2026 Brazil’s reserve capacity auction
An insight that analyses the upcoming reserve capacity auction in Brazil
$3,000
Market Report
Latin America levelised cost of electricity (LCOE) 2025
This report presents the findings of our latest analysis on the development of the levelised cost of electricity (LCOE) across Latin America
$7,990
Asset Report
Sepia and Sepia Leste
Sépia, a pre-salt oil and gas discovery in Brazil's Santos basin, was formerly known as Northeast of Tupi. The Brazilian ...
$3,720
