Copel (NYSE: ELPC) wins Aneel nod for 20.51% average power tariff hike
Rhea-AI Filing Summary
Companhia Paranaense de Energia (Copel) reports that Brazilian regulator Aneel approved the 6th Periodic Tariff Review for its distribution subsidiary, setting a net Regulatory Asset Base of R$ 19,936.2 million, which reflects recognition of investments in its electric network over the last five years.
The review implies an average tariff increase of 20.51% for consumers from June 24, 2026, with 21.87% for high-voltage and 19.85% for low-voltage customers. Parcel B, covering return on capital, operating costs, depreciation and related items, totals R$ 5,720.9 million, while Parcel A, which includes sector charges, transmission, power purchases and unrecoverable revenues, totals R$ 12,224.4 million. The decision will still be submitted to a subsequent Aneel public meeting for ratification.
Positive
- Aneel approval of higher tariffs: The 6th Periodic Tariff Review sets an average tariff effect of 20.51% and a net Regulatory Asset Base of R$ 19,936.2 million, materially increasing Copel Distribuição’s regulated revenue and recognized investment base.
Negative
- None.
Insights
Aneel’s tariff review sharply raises Copel Distribuição’s allowed revenues.
Copel Distribuição received Aneel approval for its 6th Periodic Tariff Review, with an average tariff effect of 20.51% from June 24, 2026. The net Regulatory Asset Base is set at R$ 19,936.2 million, signaling substantial recognition of recent capex into the grid.
Parcel B components rise meaningfully versus the 5th cycle, notably return on capital increasing from R$ 984.4 million to R$ 2,530.6 million and operating costs from R$ 1,464.2 million to R$ 2,238.3 million. This expands Copel Distribuição’s regulated revenue and remuneration profile.
Factor X is set at 0.95%, modestly tightening efficiency expectations but within typical regulatory practice. The decision still awaits ratification at a subsequent Aneel public meeting, so investors may focus on that meeting as the next concrete milestone for confirming the new tariff structure.
Key Figures
Key Terms
Regulatory Asset Base financial
6th Periodic Tariff Review regulatory
Parcel B financial
Parcel A financial
Factor X financial
unrecoverable revenues financial
AI-generated analysis. How Rhea-AI works. Not financial advice.
FAQ
What did Aneel approve for Copel (ELPC) in the 6th tariff review?
How much will Copel (ELPC) electricity tariffs change for consumers?
What are Parcel A and Parcel B amounts in Copel (ELPC) 6th RTP cycle?
How did Copel (ELPC) return on capital change between the 5th and 6th RTP cycles?
What is Factor X in Copel (ELPC) 6th tariff review and what does it represent?
Is Aneel’s tariff decision for Copel (ELPC) already final?
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 6-K
Report of Foreign Private Issuer
Pursuant to Rule 13a-16 or 15d-16 of the
Securities Exchange Act of 1934
For the month of June, 2026
Commission File Number 1-14668
COMPANHIA PARANAENSE DE ENERGIA
(Exact name of registrant as specified in its charter)
Energy Company of Paraná
(Translation of Registrant's name into English)
José Izidoro Biazetto, 158
81200-240 Curitiba, Paraná
Federative Republic of Brazil
+55 (41) 3331-4011
(Address of principal executive offices)
Indicate by check mark whether the registrant files or will file annual reports under cover Form 20-F or Form 40-F. Form 20-F ___X___ Form 40-F _______
Indicate by check mark whether the registrant by furnishing the information contained in this Form is also thereby furnishing the information to the Commission pursuant to Rule 12g3-2(b) under the Securities Exchange Act of 1934.
Yes _______ No ___X____
Copel Distribuição’s 6th Periodic Rate Review Cycle
Copel (“the Company”) hereby informs its shareholders and the market in general that the National Electric Energy Agency (“Aneel”), after evaluating and proposing the rate adjustment under the 6th Periodic Tariff Review (“RTP”) cycle, approved, at its 10th Ordinary Public Deliberative Session, held today, the new tariff structure for Copel Distribuição, a wholly-owned subsidiary of the Company, setting the net Regulatory Asset Base (“RAB”) at R$ 19,936.2 million, reflecting the recognition of prudent investments made by Copel Distribuição in electric assets over the past five years.
The average effect of the RTP is expected to be 20.51% for consumers, effective as of June 24, 2026, with an average of 21.87% for high-voltage customers and 19.85% for low-voltage customers.
| Item | Breakdown of the Rate Adjustment |
| Adjustment to Parcel B | 8.58% |
| Adjustment of Parcel A and Financial Components* | 20.19% |
| Rate Deferral | -8.26% |
| Average Effect | 20.51% |
*Includes the financial components of the current rate review process and adjustments from the previous process, excluding the effect of the R$ 1.3 billion deferral.
The Company also presents the following highlights regarding the rate review process:
Parcel B: consists of return on capital, operating costs, the annual cost of movable and immovable facilities (CAIMI), depreciation, among others, totaling R$ 5,720.9 million. The information below summarizes the components of Parcel B:
R$ million
| Description | 5th RTP Cycle (2021)* | 6th RTP Cycle (2026)* |
| Return on Capital** | R$ 984.4 | R$ 2,530.6 |
| Regulatory Depreciation (QRR)*** | R$ 438.2 | R$ 1,004.6 |
| Operating Costs | R$ 1,464.2 | R$ 2,238.3 |
| CAIMI | R$ 241.2 | R$ 422.7 |
| UD+ER+OR**** | (R$ 275.9) | (R$ 475.3) |
*Technical Notes 135/2021 and 100/2026
**Includes compensation from the total net base, special obligations, and the RGR/PLPT balance.
*** Regulatory depreciation rate of 3.73% in 2021, rising to 3.88% in 2026.
**** Demand Overrun, Reactive Surplus, and Other Revenues.
Factor X: set at 0.95% based on potential productivity gains, consistent with market growth, changes in technical and commercial quality indicators, and the trajectory of operating costs.
Parcel A: comprises costs related to sector-specific charges, transmission, power generation, and unrecoverable revenues, totaling R$ 12,224.4 million, of which (i) R$ 4,600.7 million relates to sector-specific charges, (ii) R$ 2,441.8 million to transmission costs, (iii) R$ 5,064.3 million to power purchase costs, and (iv) R$ 117.6 million relates to unrecoverable revenues.
The item will be included on the agenda of ANEEL’s subsequent regular public meeting for decision-making ratification.
Curitiba, June 23, 2026
Felipe Gutterres
Vice President of Finance and Investor Relations
For further information, please contact the Investor Relations
team:
ri@copel.com or (41) 3331-4011
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.
Date June 23, 2026
| COMPANHIA PARANAENSE DE ENERGIA – COPEL | ||
| By: |
/S/ Daniel Pimentel Slaviero |
|
| Daniel Pimentel Slaviero Chief Executive Officer |
||
FORWARD-LOOKING STATEMENTS
This press release may contain forward-looking statements. These statements are statements that are not historical facts, and are based on management's current view and estimates of future economic circumstances, industry conditions, company performance and financial results. The words "anticipates", "believes", "estimates", "expects", "plans" and similar expressions, as they relate to the company, are intended to identify forward-looking statements. Statements regarding the declaration or payment of dividends, the implementation of principal operating and financing strategies and capital expenditure plans, the direction of future operations and the factors or trends affecting financial condition, liquidity or results of operations are examples of forward-looking statements. Such statements reflect the current views of management and are subject to a number of risks and uncertainties. There is no guarantee that the expected events, trends or results will actually occur. The statements are based on many assumptions and factors, including general economic and market conditions, industry conditions, and operating factors. Any changes in such assumptions or factors could cause actual results to differ materially from current expectations.