Nevertheless, Mr Jank thinks the world market for Brazilian ethanol will grow and that the sugar industry can triple its electricity co-generation capacity to 15, 000MW (around 27% of Brazil's demand today) from its present acreage of cane.
The Conservatives want mechanisms to force markets to provide a minimum level of gas storage and a minimum quantity of spare capacity in electricitygeneration.
An auction by PJM Interconnection that measures forward supply of electricitygeneration continued to paint an upbeat assessment of utility suppliers, who it said continue to add generating capacity and make investments to enhance existing power output.