The Mae is dead! Long live the Mae!

Prospects have improved considerably for Brazil's energy sector since the government replaced the self-regulating Mercado Atacadista de Energia (MAE) with a new government- controlled entity last year, according to Matthew Fowler of Coudert Brothers. Governmental reorganisation of the company and the market conditions that govern it have created a fertile energy sector but it remains to be seen if the reforms will translate into a sustainable regulatory framework for Brazil's wholesale energy market.