Brazil's President Plans to Lower Electricity Prices

By
Renato Silva dos Santos
1 min read

News Content

President Luiz Inacio Lula da Silva aims to issue a provisional measure to reduce Brazil's electricity prices by securitizing payments owed by the country's largest power generation company. The government expects the measure to lower energy prices in the regulated market by 3.5% this year, pending ratification by lawmakers. This initiative could have significant implications for Brazil's energy sector and consumer costs, aiming to address the affordability of electricity for the population.

You May Also Like

This article is submitted by our user under the News Submission Rules and Guidelines.The cover photo is computer generated art for illustrative purposes only; not indicative of factual content. If you believe this article infringes upon copyright rights, please do not hesitate to report it by sending an email to us. Your vigilance and cooperation are invaluable in helping us maintain a respectful and legally compliant community.

Subscribe to our Newsletter

Get the latest in enterprise business and tech with exclusive peeks at our new offerings