Before, investing in and operating energy generation was subject to a legal monopoly and state governments’ role was limited to lobbying for a place in state companies’ investment plans through their elected representatives in the National Congress.
From the end of the 1990s, Brazil has opened — and kept open — opportunities to invest in the energy sector.
In the model of federal power auctions, introduced by the Luiz Inácio Lula da Silva and Dilma Roussef administrations, private participation grew substantially due to the attractiveness, competitiveness and transparency of the rules that were adopted.
The
