Brazil Electric Energy Sector Report 2023-2024

In 2022, Brazil's electric energy sector recorded an installed capacity of 189,126.6 MW, an increase of 4.1% y/y, constituting the second largest expansion since the Energy Research Company (EPE) was founded in 2004. Renewable energy sources accounted for 79.6% of total capacity at end-2022. Wind and solar energy collectively contributed nearly 5.5 GW of new capacity during 2022, while biomass contributed 905 MW, adding to the diversification. The hydropower segment, a historical powerhouse, maintained a dominant position with 58% of total installed capacity. However, solar energy emerged as the standout performer, exhibiting an astonishing 92.7% y/y growth in May 2023, marking a paradigm shift in Brazil's energy landscape as distributed capacity continued to gain relevance among households and industries. However, the electricity tariff experienced increases, with residential consumers facing a 3.4% y/y rise in 2022. This, coupled with the overall 5% y/y increase in average tariffs, posed financial challenges for Brazilians, impacting their spending patterns and forcing some to defer their electricity bill payments. Projections by ANEEL for 2023 anticipate further tariff hikes, aligning with a 7.6% y/y increase observed in June 2023, underscoring the importance of monitoring tariff trends in this dynamic sector.

This report provides a complete and detailed analysis of the "Energy and utilities" sector for Brazil. EMIS Insights presents in-depth business intelligence in a standard format across countries and regions, providing a balanced mix between analysis and data.

What this report allows you to do:

• Understand the key elements at play in the "Energy and utilities" sector in Brazil
• Crystallise the forces both driving and restraining this sector in Brazil
• Ascertain Brazil’s position in the global sector
• Build a complete perspective on sector trade, investment and employment
• Understand the competitive landscape and who the major players are
• View M&A activity and major deals
• Gain an understanding of the regulatory environment for the sector in Brazil.
• Build a clear picture of trends, output and consumption for specific sub-sectors