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In Addition To The Reduction Of Electricity Tariffs, The Provisional Measure Approved By The President Also Allows The Private Sector To Explore The Nuclear Power Plant Of Angra 3
The President of the Republic, Jair Bolsonaro, sanctioned a provisional measure to try to reduce tariffs for electricity consumers until 2025, resume construction of the Angra 3 nuclear power plant, and change the incentive rules that encourage clean energy companies. Bolsonaro says he only vetoed what he considered to be against the public interest.
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Electricity
The project approved by Congress has the main objective of reducing the economic impact of the pandemic on the sector, lowering electricity prices for electricity users across Brazil, and continuing to monitor electricity prices in the North region, especially for distributors linked to Eletrobras, which were privatized.
For example, according to the law, consumers in the northern states will no longer need to pay for loans granted to distributors when they were temporarily controlled by the alliance prior to privatization.
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Delayed FGTS will offer online consultation starting in June, and workers will be able to track pending amounts through the Regularize Portal without leaving home, in a change that promises to speed up forgotten deposits.
Angra 3 Nuclear Power Plant
The proposal also allows the private sector to conduct the exploration of the Angra 3 nuclear power plant under the authorization regime. The National Energy Policy Commission (CNPE) is the agency responsible for granting the authorization, which can be used for up to 50 years and extendable for another 20 years.
Incentives For Clean Energy
The proposal also changed the incentives to encourage companies based on clean energy, such as solar, wind, and biomass power plants. The text outlines the benefits of tariffs applicable to energy transmission and distribution systems and applies to clean energy companies that apply for financing within 12 months from the date of approval of the project and start operations on the day the project is implemented 48 months after that. Subsequently, the resources will not be applied to these new projects.
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