Insight
Brazil’s capacity auction debut: Surprises and question marks
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
On 21 December, Brazil’s Chamber of Electric Energy Commercialization (CCEE) held the country’s first capacity auction. After an unsuccessful first phase (energy contracts), the capacity phase awarded 15-year contracts to 17 power plants, totaling 5,126 MW of capacity. The CCEE awarded an average price of R$824,554/MW-year, 15% lower than the cap price. This price level enabled four greenfield projects: three gas/LNG-fired projects totaling 1.9 GW and an 80 MW biomass project. The auction also awarded seven fuel oil/distillate-fired projects, totaling 879 MW, that violated auction rules but could participate based on judicial orders.
Table of contents
- After analyzing the auction results, our main findingsinclude:
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
Insight
Southern Cone gas and power: 2025 in review
Our recap of the key trends shaping market fundamentals and prices in 2025
$950
Country Report
Brazilian supply summary 2025
Brazil's iron ore industry strategic inflection point. Success demands operational flexibility and agility, over pure scale efficiency.
$6,750
