Brazil extends A-1 auction deadline

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Monday, October 20, 2014

Brazilian power regulator Aneel has extended the deadline for expressions of interest in December's auction from existing plants.

Generators now have until November 5 to submit necessary documents, five days beyond the original cut-off, the mining and energy ministry said in a statement.

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Generators participating in the December 5 round must begin deliveries on January 1.

Energy will be negotiated by quantity, except for thermoelectric power, which will be traded in the three-year "availability" modality.

All agreements will be negotiated on Brazil's CCEAR regulated market.

BNamericas will host its 11th Southern Cone Energy Summit in Lima, Peru, on November 12-13. Click here to download the agenda.