Market prices for conventional power prices for future delivery are in the range of R$ 240/MWh (~USD 46/MWh).
This figure aligns with the marginal cost of expansion (CME) that I routinely calculate for my clients, which serves as a "technical" benchmark.
The CME is primarily driven by the interest rates demanded by investors, the project's investment cost, and the amortization period.
Coincidentally, the CME falls within that same R$ 240/MWh range. This indicates a state of equilibrium between supply, demand, and the internal rate of return on investments.
It is an unusual scenario—one that both electricity sellers and buyers should capitalize on.