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Rates, Theft, Taxes, and Inefficiencies Are the Villains for Brazil to Have One of the Most Expensive Electricity Bills in the World!
In the last five years, the cost of electricity in Brazil has increased by 47%. This significant increase contributed to the country rising in the global ranking, and currently, Brazil is the 2nd country with the most expensive electricity cost in the world, second only to Colombia.
This is revealed by a study published by Abrace (Association of Large Industrial Consumers of Energy and Free Consumers) about the cost of energy in the country.
After Colombia and Brazil, Turkey, Chile, and Portugal respectively follow at the top of the ranking among the countries that charge the most for energy.
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Tight budget in Brazil: see practical strategies to get out of financial distress, avoid debt, and regain control of your life even with high inflation and compromised income
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The IMF shows Brazil’s reality in the coming years and projects the country back into the top 10 largest economies in the world by 2030, with a GDP of US$ 3.20 trillion and a jump of US$ 560 billion in five years.
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With R$2 billion on the table, LG announces a giant factory in Brazil to produce refrigerators, washing machines, and dryers in a unit that will start operating in July 2026 in Paraná.
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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.
Check Below the 5 Countries with the Cheapest Electricity
On the opposite side, among the 5 countries with the cheapest electricity bills are: Norway, Luxembourg, United States, Canada, and Switzerland, respectively.
After All, Why Is the Electricity Bill So High in Brazil?
The study indicates that out of the total cost paid by consumers, only 53.5% is effectively used for the generation, transmission, and distribution of energy.
The villains for Brazilians’ high electricity bills are in the other 46.5% remaining, which are composed of rates, theft, taxes, and inefficiencies.
Regarding energy theft alone, it is estimated that in 2022 the losses will total more than R$5.4 billion.
Urban Waste in Brazil Can Generate Electric Power for 27 Million Homes and Supply 100 Million People in the Country
A survey conducted by the Brazilian Association of Energy Recovery from Waste indicates that urban waste produced by the 28 metropolitan regions of Brazil with over 1 million inhabitants can generate electric power for 27 million homes in the country and supply an average of 100 million people, with potential investments exceeding R$ 79 billion
The study on Brazil’s potential to generate energy from waste was presented last week during the 3rd Forum on Energy Valorization of Waste, organized by ABREN and carried out by the FRG Media and Events Group.
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