Aneel Approves CCEE Bylaws, Unlocking March Election for Expanded Board

Regulators deemed the disputed voting clause redundant rather than illegal, reaffirming Aneel’s supervisory authority over the market chamber’s governance.

Overview

The board approved the new CCEE bylaws by majority, following relator Ricardo Lavorato Tili, while director Fernando Mosna dissented by pressing for a wording change.
The decision authorizes the 77th extraordinary general meeting on March 2, 2026 to elect a restructured council under Decree 11.835/2023.
The governance overhaul expands the council to eight members and creates an executive board with up to six directors, replacing the current five-member executive council model.
In a vote‑vista, director‑general Sandoval Feitosa said the voting language is redundant, not illegal, and stressed that any conflict with the Commercialization Convention would be rejected by the regulator.
The ruling reverses a November 2024 rejection, aims to bolster regulatory predictability for Brazil’s power market, and sets rules that include government appointments to the council, a casting vote for the chair, and adjustments to mandates and stakeholder representation.