Government signs contracts for the 2023 energy mega auction and foresees R$ 21.7 billion in investments

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The dispute, held in December, was the largest in the country’s history. Investments should occur in the states of Goiás, Maranhão, Minas Gerais, São Paulo and Tocantins. Electricity transmission towers in Pará Paulo Santos/Reuters The Minister of Mines and Energy, Alexandre Silveira, signed this Wednesday (3) the contracts for the second energy transmission auction of 2023. Held in December last year, it was the biggest event in history, with all lots sold and a forecast of R$ 21.7 billion in investments in the states of Goiás, Maranhão, Minas Gerais, São Paulo and Tocantins. Three lots were auctioned off by the Chinese State Grid Brazil, the Spanish company Celeo Redes and the Brazilian consortium Olympus XVI — made up of Alupar and Mercury Investimentos. READ MORE: Energy supply grows more than consumption, and Brazil ‘throws away’ excess; understand Government wants to extend discount on tariffs for renewable energy plants; understand Electricity bill grows above inflation and weighs on the consumer’s pocket; understand where the increase comes from The system that takes the energy generated by the plants to the consumption sites, connecting to the local distributor networks, is known as “transmission”. This system crosses the country and is operated by the National Electric System Operator (ONS). Through auctions, the government contracts the construction and maintenance of transmission lines and other equipment. Power plants connected to the system use these lines to supply energy. Billion-dollar investments in transmission networks are associated with the expansion of renewable energy plants in Brazil, mainly solar and wind in the Northeast and north of Minas Gerais. These investments result, to a certain extent, in energy tariffs for consumers. This is because the companies that win the auctions are remunerated through amounts set by Aneel. And this remuneration is one of the components of the wire usage fee – paid by everyone who uses the system, including residential consumers.

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