Brazil's President Plans to Lower Electricity Prices

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.

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