Insight
Brazil’s 2021 emergency auction: Water scarcity yielded record high electricity prices
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
Country Report
Brazil iron ore supply summary
A comprehensive overview of the Brazilian iron ore industry covering all essential topics including production, costs and infrastructure.
$6,750
Insight
Mexico’s capacity market settlement 2023: The age of uncertainty
This insight delves into the factors influencing Mexico's Capacity Market and its results.
$1,050
Insight
GB T-4 Capacity Market 2027/28: review of outcomes
A brief review of the provisional results of the latest GB T-4 capacity market auction, which set a price a new record price of £65/kW.
$5,000