SAO PAULO (Reuters) – The measures taken by the government to deal with the water crisis will allow the readjustments in the electricity bill to be reduced to just over 8% on average in 2021 for residential customers, and could exceed 20% without the actions of authorities, the Ministry of Mines and Energy said in a statement.
A series of measures, said the ministry, will result in “a relief” of 18.83 billion reais in the total amount that would be added to electricity bills in 2021.
Thus, the projected readjustment in 2021 is “compatible” with the monthly average of the IPCA inflation index and “significantly” below the average IGP-M of 29.04%, the ministry said.
Commenting on the prospects for readjustments in electricity bills in 2022, the ministry cited among the main causes of “pressure” on 2022 tariffs, the worsening of the adverse hydrological scenario and the increase in costs for energy generation, in addition to forecasts that the IGP-M remains at high levels in the first half of 2022, putting pressure on the readjustments of old distribution service contracts.
“The federal government continues to work and seek solutions, with the support of the National Congress and the institutions that make up the governance of the electricity sector, to ease electricity bill readjustments in 2022,” he said.
“In this sense, we may have measures that result in relief in tariffs and avoid very high readjustments,” he pointed out.
Among the measures in preparation, the ministry pointed out the return to consumers of tax credits generated by court decisions that exclude ICMS from the PIS/Cofins calculation base in the electricity bill; the reduction of Itaipu’s debt service, expected to start in 2022; and the anticipation of a significant amount of funds from the privatization of Eletrobras in the form of a contribution to the Energy Development Account (CDE) budget, with a consequent reduction in tariffs.
(By Roberto Machel)
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