Generation Professionals Group
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Belo Monte: increased power costs (Brazil)
Belo Monte: increased power costs (Brazil)
Ibama determined the release of a larger volume of water by the hydroelectric plant, to mitigate the impacts of the plant on the stretch of the river known as Volta Grande do Xingu
ANEEL (regulator) states that the change in the flow of the Belo Monte hydroelectric plant will have an impact of around R$ 1.3 billion (USD 200 MM) for consumers in January and February 2021.
The Forum of Associations of the Electric Sector warned that the replacement of energy not produced by Belo Monte by thermal energy can generate a cost to the consumer up to R$ 10 billion (USD 2 Billion) in 2021.
Conclusion: the lack of national systemic coordination of the electricity sector, which should be based on a strategy agreed upon by all stakeholders, leads to what Brazil knows best: just transferring costs of energy payers.
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