Law 15.269/2025, resulting from MP 1304/2025 (Provisional Measure 1.304/2025), was sanctioned this Tuesday (25) by the vice-president of the republic, Geraldo Alckmin.
The text, published in Tuesday's edition (25) of the DOU (Official Gazette of the Union), contains important vetoes, mainly in the provision that dealt with financial compensation to renewable plants affected by curtailment.
The approved text also structures the complete opening of the free market, scheduled to come into effect in the coming years. The veto was already expected due to the position of the MME (Ministry of Mines and Energy).
Article 1-A, now vetoed, provided for the implementation of a mandatory payment structure for wind and solar power plants as a form of compensation for losses caused by operational restrictions in the grid.
By vetoing the provisions, the government accepted the argument that the issue should be addressed through technical regulation – and not by legal imposition – allowing... ANEEL and for CCEE (Chamber of Electric Energy Commercialization) to develop more balanced methodologies.
In addition to this central veto, the government removed sections related to transition mechanisms for the full opening of the free market which, according to entities, created operational uncertainties and risks of increased costs for consumers who remain in the regulated market.
Also removed were provisions that broadened the possibility of using oil and gas revenues to finance sectoral policies, in line with demands for greater tariff transparency.
Even with the vetoes, the backbone of Provisional Measure 1.304/2025 was maintained. Law 15.269 / 2025, including the restructuring of the CDE (Energy Development Fund), the reorganization of subsidies, guidelines for efficient use of sectoral resources, and institutional preparation for a more open and competitive electricity market.
Nevertheless, regulation regarding curtailment and liability for operational constraints remains pending and will need to be addressed technically by... ANEEL In the coming months, the debate is now shifting to the regulatory arena. And, given the complexity of the issue, the discussion is far from over.
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