Power Sector Reform – Key Changes and Impacts of Conversion Law No. 15,269/2025

On November 25, 2025, Conversion Law No. 15,269/2025 was published, introducing the most significant reform of the Brazilian Power Sector since 2004. This new legal framework brings substantial changes in areas such as self-generation, opening of the electricity market, tariffs, subsidies, hydropower rules, energy storage, and other essential aspects of the sector.