Daily Current Brazilian Utilities

Research evidence excerpt

Daily Current Brazilian Utilities

Global Research

25 June 2026ab

Daily Current Equities

Latin AmericaBrazilian Utilities

Utilities

Giuliano Ajeje

After agreement, TCU validates inclusion of four MEZ lots in July auction Analyst

According to MegaWhat, the Federal Court of Accounts (TCU) approved on giuliano.ajeje@ubs.com

Wednesday, June 24, the inclusion of four transmission lots involved in MEZ's +55-11-2767 6371

contractual termination in the July 3 transmission auction. Together, lots 7 to 10 Henrique Simoes

have a maximum allowed annual revenue (RAP) of R$315.2 million and an estimated Associate Analyst

investment of R$1.758 billion. (link) henrique.simoes@ubs.com

+55-11-2767 6308

Transmission revenue grows 9.4%, but impact on electricity bill is 1.1%, says Julia Ongarato

Aneel Associate Analyst

According to MegaWhat, Aneel has completed the process of calculating the julia.ongarato@ubs.com

+55-11-2767 6694

Permitted Annual Revenues (RAP) of the transmission companies and the

Transmission System Use Tariffs (Tust) for the 2026/2027 cycle, effective from July

1, 2026 to June 30, 2027. Revenues associated with transmission facilities in

commercial operation totaled R$54.95 billion, up 9.41% over the previous cycle.

The calculation covers 356 concession contracts from 258 transmission companies.

(link)

Aneel must reformulate Factor X to recognize the structural impact of MMGD on

distributors

According to MegaWhat, Aneel should soon open a public hearing to discuss a change

in the X Factor, a mechanism by which the productivity gains of distributors are

passed on to consumers in the form of a discount on the tariff. If approved,

distributors with a drop in productivity for structural reasons could have an