In brief

Power bills will have no extra charge in November.

Aneel kept the green flag.

What we know

04
  1. Verified fact · material

    Aneel announced on October 30, 2026 a green tariff flag for November.

    Flag.

    Sources[01][02]
  2. Verified fact · material

    With the green flag, there is no extra charge on power bills.

    Cost.

    Sources[01][02]
  3. Verified fact

    According to CNN Brasil, it is the second month in a row without extra charge, after a yellow flag from May to September.

    History.

    Sources[02]
  4. Verified fact

    According to Agência Brasil, the decision considers system generation conditions.

    Reason.

    Sources[01]

Transmission to assets

Market read-through

Keeping the green flag reduces pressure on November IPCA.

Portfolio impact

01
IPCApositive

No power bill surcharge.

Drought.

What would change the view: Normal rain.

macro10% confidence

Direction is an explanatory hypothesis, not a forecast or recommendation.

Next signals

What to watch

  • December flag
  • Reservoir levels

Limits of the reporting

What remains uncertain

  • December flag has not been set.

Full sources

02