Brazil is the world's seventh-largest economy in US-dollar terms and the eighth-largest consumer of energy, according to the BP Statistical Review of World Energy 2014. Brazil is one of the world's biggest producers of hydropower, and has huge reserves of oil and gas, which will turn the country into a top-ten oil exporter by 2025.
The Economist Intelligence Unit expects annual electricity consumption growth to average 2.5% in 2015-16, before firmer economic growth lifts rates above 3% in 2017-20. Drought conditions since early 2014 have affected hydroelectric capacity, raising the risk of power rationing in 2015. Large investments will be needed to increase capacity in the medium and longer term. The government is overseeing construction of several hydroelectric mega-plants, but these are suffering construction delays.
The main changes in Brazil's energy mix between now and 2020 will be the reduction in the share of petroleum products in total consumption and a corresponding rise in the shares of other sources, including biomass and its derivatives, natural gas and wind power. This reflects a fall in the share of petrol consumption as the stock of vehicles using sugarcane-based ethanol continues to rise. Coal consumption will continue to rise, mainly to fuel the steel industry.

Energy report 2

Overview 2

Energy policy 3

Oil and gas 3

Electricity 6

Coal 8

Nuclear 8

Alternative energy 8

Industry publishing schedule 10

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