Brazil Seeks Higher Power-Auction Rate to Spur Use of Coal, Gas
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Brazil is seeking to boost prices at electricity auctions and spur demand for power from coal- and natural gas-fired plants, after developers agreed to sell wind energy at low prices that made fossil fuel less competitive.
The government is changing the rules this year in auctions for contracts to sell electricity so wind farms won’t compete head-to-head with other sources of power, according to a press official for the national energy agency Empresa de Pesquisa Energetica who declined to be named citing the organization’s policy.