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Expectation merchants
Expectation merchants
Here in Brazil, the constituted powers always express their belief that the country has everything to take off. The people, in general, also share this optimism. And so everything is "perfect".
The reforms, which would be so necessary, are not a priority on the agenda (really) of our leaders. At the macro level and also in the electricity sector.
Macro
* Inflation returning strongly
* Very high public debt, exceeding 1 annual GDP
* Systemically deficient budget with no prospect of change
* Maintenance of all benefits to the leaders and cronies
* Giant, inefficient, expensive and unviable State
Electric power sector
* Power theft (for decades on end) of more than 10% of all energy produced
* Stranded demand response program (for years)
* 5-year billionaire default by CCEE (the official power clearinghouse)
* Official errors and associated losses transferred to consumers (eg the huge Amapá blackout)
* Unreal indication that the average spot price in 2021 will be R$ 94/MWh
* Government-controlled companies unable to invest in expanding the system
* Privatizations, so necessary, have not left the discourse for years
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