Brazil's President Plans to Lower Electricity Prices

By
Renato Silva dos Santos
1 min read
⚠️ Heads up: this article is from our "experimental era" — a beautiful mess of enthusiasm ✨, caffeine ☕, and user-submitted chaos 🤹. We kept it because it’s part of our journey 🛤️ (and hey, everyone has awkward teenage years 😅).

President Luiz Inacio Lula da Silva aims to issue a provisional measure to reduce Brazil's electricity prices by securitizing payments owed by the country's largest power generation company. The government expects the measure to lower energy prices in the regulated market by 3.5% this year, pending ratification by lawmakers. This initiative could have significant implications for Brazil's energy sector and consumer costs, aiming to address the affordability of electricity for the population.

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