Daily Current Brazilian Utilities

Research evidence excerpt

Daily Current Brazilian Utilities

Global Research

20 July 2026ab

Daily Current Equities

Latin AmericaBrazilian Utilities

Utilities

Giuliano Ajeje

Eneva’s thermal generation rises 46% on higher dispatch in the SIN Analyst

According to MegaWhat, Eneva recorded a 46% increase in thermal generation, giuliano.ajeje@ubs.com

driven by higher dispatch levels within Brazil’s National Interconnected System +55-11-2767 6371

(SIN). The result reflects stronger utilization of its thermal portfolio, following Henrique Simoes

system demand for additional generation. The increase in generation is directly Associate Analyst

linked to dispatch dynamics in the SIN, which required greater participation from henrique.simoes@ubs.com

thermal plants during the period. (link) +55-11-2767 6308

Julia Ongarato

Copel flexibilizes capital structure with higher leverage Associate Analyst

According to MegaWhat, Copel approved changes to its capital structure policy to julia.ongarato@ubs.com

+55-11-2767 6694

allow higher leverage levels. The company revised its financial guidelines as part of

an update to its capital allocation framework, aiming to increase flexibility in

funding strategies and balance sheet management. The decision is aligned with

Copel’s ongoing strategic positioning following its corporate restructuring and

reflects an adjustment in how the company defines acceptable indebtedness levels

within its policy. (link)

Interest in El Niño rises 903% in searches, according to Nexus

According to Brasil Energia, data from Nexus shows that online search interest

related to El Niño increased by 903%. The rise reflects a sharp increase in attention

to the climate phenomenon, which is associated with potential impacts on weather

patterns and energy conditions.