Daily Current "Brazilian Utilities" Ajeje

Research evidence excerpt

Daily Current "Brazilian Utilities" Ajeje

Global Research

15 May 2026ab

Daily Current Equities

Latin AmericaBrazilian Utilities

Utilities

Giuliano Ajeje

Aneel approves the result of the transmission auction and forecasts R$3.3bn in Analyst

investments giuliano.ajeje@ubs.com

According to MegaWhat, Aneel approved the result of the transmission auction held +55-11-2767 6371

in March this year and which includes lots 1, 2, 4 and 5 and sublots 3A, 3B, 3C and Henrique Simoes

3D. The projects add up to investments estimated at R$3.3bn, which will be applied Associate Analyst

in the construction, operation and maintenance of 798 kilometers (km) of henrique.simoes@ubs.com

transmission lines. The new facilities will become part of the Basic Network of the +55-11-2767 6308

National Interconnected System (SIN), reinforcing the flow infrastructure and the Julia Ongarato

reliability of the Brazilian electrical system. (link) Associate Analyst

julia.ongarato@ubs.com

LRCAP should relieve PLD and flags, evaluates CMSE in a period of reduced +55-11-2767 6694

inflows

According to MegaWhat, the 31st meeting of the Electric Sector Monitoring

Committee (CMSE) had projections that show that the picture of reduced inflows

puts pressure on energy prices and tariffs for 2026. In the reference scenario,

without the effects of the 2026 reserve capacity auction (LRCAP), the CMSE

assessed an average PLD projected for the Southeast/Midwest is R$ 342.67/MWh in

2026, with a red tariff flag level 1 between July and November and a red flag level 2

between July and November. With the incorporation of the thermal plants

contracted in the LRCAP held in March, with entry into operation in August this year,

the scenario changes. The entry of these plants would reduce the need for