Regulatory News

The Brazilian government plans to review electric sector regulation in the country to make it more attractive to private initiative. Sources heard by the Reuters news agency say the planned changes are in the opposite direction to the model deployed by former President Dilma Rousseff, who reduced tariffs but caused losses to the companies that were later able to be compensated.

One of the measures is the gradual reduction so that consumers can negotiate directly with the companies generating and distributing of energy. "Liberalizing the market is a necessity," says Eduardo Azevedo, Secretary of Planning at the Ministry of Mines and Energy.

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