Transition announces R$ 500 billion shortfall in Energy and impact on the electricity bill

Posted on 12/08/2022 12:46 PM / Updated on 12/08/2022 12:48 PM


(credit: Fernando Frazão/Agência Brasil)

According to the balance of the Technical Group (GT) of Mines and Energy, released this Thursday (12/8), the government of Jair Bolsonaro (PL) will leave an impact on the Union’s accounts of R$ 500 billion in electricity . According to the coordinators, this value will come out of the consumer’s pocket in the coming years.

“We saw that a series of actions taken in this government will leave an inheritance for the next governments, which will have to be paid by the electricity consumer. We try to add up all this cost to be paid in the coming years and it reaches R$ 500 billion if we bring everything to today in nominal terms”, informed the WG coordinator, Maurício Tolmasquim.


Without mentioning the value of the impact on the electricity tariff, the coordinator informed that it will need to be discounted in this government and in the next ones, as the obligation to maintain a reserve of R$ 55 billion in cash, within the ministry, is compromised.

The composition of the debt is based on the loan made to cover the water crisis, which is associated with the tariff flag to contain additional costs of the energy crisis. Also included is the loan that was made during the covid-19 pandemic for the electricity sector, in the amount of BRL 23 billion to distributors.

Thermoelectric

There is also the issue of emergency bills with thermoelectric plants contracted in October last year, in the period when there was no rain. The auction, carried out in a hurry, took R$ 39 billion from the public coffers, without assessing the risks, according to the WG. The Federal Court of Auditors (TCU) even asked for the review of contracts so that the government could verify the short, medium and long-term impacts on energy bills.

A first measure pointed out by Nelson Hubner, coordinator of the subgroup, is to terminate the thermoelectric plant contracts that total R$ 39 billion. They were hired in an emergency federal government auction.

In addition, the amendments in the National Congress, arising from the authorization for the privatization of Eletrobras, brought the obligation to contract thermoelectric plants in distant regions, where there is no flow of natural gas or the contracting of Small Hydroelectric Plants (PCHs).

“It is a very serious issue, as the cost of generating energy is very cheap. Because our sources are cheap, we have good natural resources, now the tariff that the consumer pays is exorbitant, one of the most expensive in the world,” he said. “What we are seeing now is more pressure on consumer tariffs, and we have to act to avoid that”, warned Tolmasquim.

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