March 19 – Petrobras announces that it has contracted eight power plants from its thermoelectric energy portfolio in the 2026 Capacity Reserve Auction (LRCAP 2026), held today by Brazil’s National Electric Energy Agency (ANEEL) and the Electric Energy Trading Chamber (CCEE), with technical support from the Energy Research Company (EPE).
The auction aimed to contract firm capacity for the National Interconnected System (SIN), involving natural gas-fired and coal-fired thermal power plants, as well as expansions of hydroelectric plants, according to guidelines established by the Ministry of Mines and Energy (MME).
Petrobras’ result in the auction reflects the technical and operacional competitiveness of its termal power generation portfolio, as well as its ability to ensure availability to the SIN, reinforcing the company’s commitment to the needs of the electricity sector in serving the population.
The result also ensures the necessary remuneration for the assets to be available to the electricity sector during the contract period. The estimated annual fixed revenue from the auction result is approximately R$ 4 billion.
Next steps
Petrobras will proceed with the required regulatory procedures, including signing the Capacity Reserve Contracts (CRCAP); demonstrating firm fuel supply, as provided for in MME Ordinances; and meeting the operational and performance requirements defined by the National System Operator (ONS).
With the successful result of the company’s participation in the 2026 LRCAP, Petrobras reaffirms the competitiveness of its assets and its commitment to the country’s energy security, to a just energy transition, and to value creation for its shareholders, while continuing to evaluate its participation strategies in future auctions.
Petrobras’ thermal power portfolio
Petrobras’ thermal power portfolio consists of 13 power plants, 12 of which are contracted within the electricity sector for the periods established in their respective products and are able to deliver power and energy according to the needs of the SIN. The portfolio has a capacity of 4.9 GW, sufficient to supply approximately 21 million households.
Brazil Energy Insight 