Brazilian Power Giant Eletrobrás Surges on Landmark Regulatory Shift

Shares in Centrais Elétricas Brasileiras SA, known as Eletrobrás, delivered a powerful performance on Friday. The company’s NYSE-listed stock (EBR) climbed 3.69% to close at $9.55. This upward momentum was mirrored in its domestic listing, where preferred shares (ELET3) advanced 3.16% to 50.55 reais, establishing a new 52-week high.

The catalyst for this rally was the Brazilian National Congress’s approval of Provisional Measure (MP) 1.300 two days prior. This landmark legislation initiates a comprehensive restructuring of the nation’s electricity sector. The new framework introduces sweeping exemptions on power bills for low-income households. Furthermore, starting January 1, 2026, the higher operational costs associated with nuclear power plants will no longer be managed through individual contracts. Instead, they will be distributed across the grid via a general network usage tariff, a move... Read more...