Oct. 9 (Bloomberg) — Brazil’s Ministry of Mining and
Energy will hold an auction for electricity from existing power
plants on Dec. 5.
In the so called A-1 auction, energy companies will compete
for contracts to sell power starting Jan. 1, the ministry said
in a statement on its website today.
Thermal plants, which can use coal, biomass or natural gas,
may win three-year contracts to sell power. Other energy sources
will bid for two- or five-year deals.
In Brazil’s energy auctions, developers bid down the price
at which they’re willing to deliver electricity. The lowest bids
win contracts to sell power to distributors.
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Vanessa Dezem in Sao Paulo at
To contact the editors responsible for this story:
Reed Landberg at
Will Wade, Steven Frank