Issue 116 • August 2016

DECREE 8828 AND THE LAW OF UNEXPECTED CONSEQUENCES

OPINION

In this section, we show that the elimination of the replacement amount rule can have significant side effects, including the system physical over-supply for several years, with an impact on expected PLD, and we analyze other alternatives for addressing distribution utilities over-contracting.

REGULATIONS

In this issue, exceptionally, there will be no regulations section.

WATER RESOURCES AND ENVIRONMENT

The subject of this section is the government's proposal, disclosed in the press to streamline the environmental licensing.

INTERNATIONAL

In this issue, we analyze the results of Chile’s energy mega auction, held this August; and discuss the role of Argentina in the integration of the natural gas sector in South America.

SUPPLY

This issue presents the updated balance of energy demand and structural supply for the coming years, including our traditional delay meter.

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Electronically published since 2006, the PSR Energy Report is a monthly newsletter developed by PSR, whose main objective is to present a comprehensive and current analysis of regulatory, legal issues, water resources and environment and supply of the electricity sector in Brazil.