Utility Management Group
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Subsidies - electricity (Brazil)
Subsidies - electricity (Brazil)
The Energy Development Account budget will be BRL 34.9 billion in 2023.
What size is it?
I like to refer these absolute values in comparison with the energy delivered by the national integrated system.
The result is, roundly, R$ 70/MWh.
Is this a small or a big number?
The price of energy on the free market for future delivery is around R$110/MWh.
That is, subsidies represent a super important value.
It is no wonder that Brazil remains at the bottom of the energy cost ranking in $/MWh compared to our competitors (BRICS - Brazil, Russia, India, China and South Africa).
Wouldn't it be high time to reassess the allocation of taxpayers' resources? To grow and become developed we need to COMPETE!
PS 1 USD = R$ 5.2
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