Brazil could have the world’s most expensive energy by year-end – Ilumina Institute

By the end of the year Brazil may hold a sad record: the country with the most expensive electricity tariff in the world, according to projections by Ilumina Institute's diretor Roberto D'Araújo.

RIO DE JANEIRO, BRAZIL - The International Energy Agency in June released last year's tariffs and Brazil ranked second with the highest energy prices behind only Germany, a country that has a smaller hydrographic basin, less sun and wind.

According to D'Araújo, the excessive tariffs also represent a kind of blackout as the population loses access to electricity because they can't afford it. He further said that blaming the lack of rainfall to justify ANEEL's (Brazilian Electricity Regulatory Agency) red flags would mean ignoring the poor management of the system and of energy supply.

"One must . . .

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