For the former director of the National Electric Energy Agency (Aneel) Edvaldo Santana, the entire Brazilian electric sector should be private. In the beginning, there was a purpose of having state-owned companies to develop the market and make necessary investments.
But today, he says, it makes no sense to keep Eletrobras state-owned, without investment power.
Will Eletrobras privatization reduce the tariff?
I believe that the immediate effect is to reduce, as the value of privatization will be included in the CDE (Energy Development Account). There are R$ 32 billion that will go to this account in installments annually.
On the other hand, there are the shares of Eletrobras plants, whose energy price is cheaper. By privatizing, it would follow the market value. But even that does not guarantee that the tariff will increase.
Will we only know in the future?
Yes. The decoupling of energy from Eletrobras plants will take place in 5 years. Each year, 20% of the energy will no longer be a quota (a system that guarantees a lower price) and will go to the market.
Only at the end of this process will we know the effect.
Is the model the best to privatize Eletrobras?
It’s a good model, because it’s fast. If it were the traditional one, with a single buyer, it would take longer, but it would raise more.
Why this rush?
The government is in a hurry because it thinks it will reduce the tariff. The Treasury is also in need of money. Privatization will put R$ 25 billion in the hands of the Treasury.
Is the privatization of Eletrobras a good deal?
Yes. The entire electricity sector should be private. Eletrobras has not participated in the transmission auction because it has no money to invest. With private capital, it will be possible. In the beginning, there was a purpose of having state power. Now, it doesn’t make sense anymore. It’s just more companies for political use.
The information is from the newspaper. The State of São Paulo.
Source: CNN Brasil
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