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Brazil minister says Eletrobras privatization will not lift rates
August 25, 2017 / 3:52 PM / a month ago

Brazil minister says Eletrobras privatization will not lift rates

RIO DE JANEIRO, Aug 25 (Reuters) - The Brazilian government’s plan to privatize power holding company Centrais Eletricas Brasileiras SA will not lead to an increase in electricity prices, Mining and Energy Minister Fernando Coelho Filho said on Friday.

In an interview with Reuters, the minister said a change in the quota system regulating generation at the company’s hydropower dams will take place over five or six years, avoiding the abrupt rate hikes forecast by regulator Aneel on Wednesday. (Reporting by Rodrigo Viga Gaier; Writing by Alexandra Alper)

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