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Free Market Energy in Brazil Should Account for Up To 50 Percent of Consumption

RIO DE JANEIRO, BRAZIL - In ten years, the free market for energy should account for over half of Brazil's consumption, concentrating all large-scale industrial and commercial consumption, and possibly also the largest residential segment, according to Wilson Ferreira Junior, president of state-owned power giant Eletrobras.

"I strongly believe in this market, I think it is the way out, just like in other countries in the world, and it is part of the modernization project of the sector," said the executive, mentioning a Senate bill, during a live broadcast last Friday afternoon promoted by Genial Investments.

He particularly . . .

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