Brazil Gives Fossil Fuels Advantage Over Wind in Power Auction
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Brazil will allow developers of power projects that use natural gas and other fossil fuels to sell their output at higher prices than wind farms next month.
Builders of small hydroelectric dams and thermoelectric plants that run on coal, gas or biomass will have to sell power below 144 reais ($61.72) at a Dec. 13 auction, the Brasilia-based electricity regulator Agencia Nacional de Energia Eletrica said today on its website. In contrast, wind developers must bid below 122 reais.