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Brazil’s Electricity Cost Could Hit Record R$20.6 Billion in 2020

RIO DE JANEIRO, BRAZIL - Brazilian consumers may have to pay the record figure of R$20.64 billion (US$5.16 billion) in energy bills in 2020 to pay for shares and subsidies granted by the government to the electricity sector, such as incentives for the use of wind and solar energy.

The figure was announced on Tuesday, October 29th, by the National Electric Energy Agency (ANEEL), during a vote that opened the . . .

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