Power in Brazil: what's the future?
- October 8, 2018
- 150 views
Multi billion dollar default
Buyers and sellers of energy perceive the institutional fragility of the Brazilian model, which makes long-term decisions very difficult, due to the lack of predictability
For years, the leaders of the Legislative, Judiciary and Executive regarding the electric sector, have not been able to identify weaknesses, map alternatives and more importantly "make happen"
No sense of urgency
Power tariffs and prices should exist in an environment of financial liquidity and consistent physical supply
Lack of competitiveness
It is no coincidence that Brazil is in the last place in the competitive parity (USD/MWh) for years in a row, with respect to the BRICS (Brazil, Russia, China, India and South Africa)
The regulator, the power clearinghouse, the system operator, the ministry of mines and energy, the energy research firm - all official institutions have no drive to make the sector what it should be.
What needs to happen for a much needed, urgent turnaround?