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Aneel Releases R$ 1.3 Billion from Itaipu for Electricity Bills in 2025. Decision Brings Direct Credit to Bills, Benefiting 97% of Households and Rural Areas with Significant Discounts
The National Electric Energy Agency (Aneel) announced on Tuesday the release of a R$ 1.3 billion bonus from Itaipu. The measure aims to alleviate the cost of electricity tariffs on Brazilian consumers’ bills, with discounts to be applied starting in January 2025. The decision is part of a joint effort between the government and the agency to control inflation and benefit millions of households and businesses across the country.
According to Aneel, more than 78.3 million consumer units, representing 97% of registered households and rural areas by the end of 2023, will receive a direct credit on their electricity bills in January 2025. According to projections from Warren Investimentos, this measure could reduce inflation by 0.60 percentage points for the month.
Impact of the Bonus and Projections for Inflation
The Itaipu bonus, which is usually defined by June each year, consists of different accumulated resources. In 2023, the positive balance from Itaipu’s account was R$ 399 million, while another R$ 842 million resulted from the return of balances used in previous years to mitigate the costs of water scarcity. Additionally, R$ 65 million in income from bank investments is expected by September 2024. A small part of the total amount, R$ 610 thousand, was allocated to the distributor Celesc as an adjustment to a 2019 bonus.
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The bonus has a direct impact on the Broad Consumer Price Index (IPCA), a key indicator for measuring inflation in Brazil. According to Terra Investimentos, if the green tariff flag — which implies no additional charges on electricity bills — is maintained until the end of the year, inflation for 2024 could close at 4.8%. For 2025, in the same scenario, the projection is 4.25%.
Strategic Decisions and Benefits for Consumers
The decision to release the bonus comes after a request from the Minister of Mines and Energy, Alexandre Silveira, who sent a letter to Aneel suggesting to bring the benefit forward to December 2024, aiming to close the IPCA within the annual target of 4.5%. Although this measure will not be implemented this year, the government hopes that favorable conditions during the wet season will allow for the maintenance of the green tariff flag in the coming months.
The announcement also marks a change from the initial plans of the Ministry of Mines and Energy, which considered allocating the resources to populations affected by flooding in Rio Grande do Sul during April and May 2023. Ultimately, the government chose to transfer the accumulated amount directly to consumers, providing tangible relief on electricity bills for the coming year.
This initiative reinforces the authorities’ commitment to tariff balance and the economic sustainability of Brazilian families, at a crucial moment for controlling inflation and the country’s economic recovery.
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