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Electricity bill may have extra adjustment in 2015

01/12/2015

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 



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Minister of Mines and Energy, Eduardo Braga said extraordinary rise in energy bills this year can impact inflation, but 'is an alternative'
  "It's an alternative," said Eduardo Braga on possible extra adjustment of electricity tariffs
"It's an alternative," said Eduardo Braga on possible extra adjustment of electricity tariffs (José Varella / Agency Senate / SEE)

After meeting with President Dilma Rousseff (PT), the Minister of Mines and Energy, Eduardo Braga said an extraordinary adjustment in electricity bills is not ruled out by the government. "It's an alternative," he admitted. The minister said the increase could have a major impact on inflation, but said the Central Bank (BC) has not been consulted on the matter. "We have not discussed what the scenario. When this is set, we will talk to the relevant area. Then it is up to the Finance Minister, Joaquim] Levy to this conversation," he said.

The journalists, the minister also said that the power sector needs a "structural solution" for 2015. About this output, he considered that the sequence of lending to the sector - which totaled 17.8 billion reais in 2014 - will no longer be repeated in 2015.

Nevertheless, Braga said that President Dilma gave the green light for negotiating a loan with public banks to settle a debt of 2.5 billion reais of energy distributors. "President Dilma gave the green light so that we can further study," he said. "She is absolutely informed on the subject, is a theme that dominates it," he said, adding that another meeting will be scheduled on Monday. Until then, the public banks such as National Bank for Economic and Social Development (BNDES), Cash and Bank of Brazil will be consulted about the possibility of the loan, the minister said.

Braga also said the minister, Joaquim Levy, is not against the loan, but in favor of a restructuring of tariffs and sector fund that finances the discount on electricity bills, the Energy Development Account (CDE). Two years ago, the fund depends on billionaires contributions Treasury policy that aims to reduce Levy. "We are adjusting concepts. Each minister defends the Treasury and the primary surplus, and we defend not random subsidies," he said.



Source: SEE

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This article was translated by an automatic translation system, and was therefore not reviewed by people.

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