End of $1.7bn litigation reopens electricity market

The Aneel defined on Tuesday the last details of the proposal, awaited by the sector for at least five years, to end litigation motivated by power generators that refused to shoulder losses related to production at levels below those stablished in contract. In 2015, generators began a war of lawsuits that is currently locking up about R$9 billion ($1.7 bn) in financial settlements at the Electric Energy Trading Chamber (CCEE).

Source: Valor International