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Energy, dollar and other issues (Brazil)

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Rafael Herzberg's picture
Consultant energy affairs Self employed

Rafael Herzberg- is an independent energy consultant, self-employed (since 2018) based in São Paulo, Brazil* Focus on C level, VPs and upper managers associated to energy related info, analysis...

  • Member since 2003
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  • Apr 6, 2021

Energy, dollar and other issues (Brazil)

We have contradictory signs in energy in Brazil. Oil - for example - is indexed to the dollar and the international quotation. Electricity follows a Brazilian rule.

Petrobras - the Brazilian oil giant state controlled company has recovered mainly because of this international price parity.

Electric energy companies, which depend on tariffs granted by ANEEL (regulator), may even have their balance sheets in the local currency showing good results, but this would not be the case if they were "translated" into hard currency.

With the prevailing scenario of the Brazilian economy, to remain at a pace well below that of most countries, Brazil's attractiveness to international investors is well below a reasonable benchmark.


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