Amid The Water Crisis, Guedes Celebrates 'Booming Electricity Consumption'

High energy will become more expensive for consumers by the end of the year, with the prices increases in the red energy levels


Amid the worst water crisis since 1930,​ which has increased the cost of the electricity, the Minister of Economy, Paulo Guedes, celebrated the booming consumption of electricity this Tuesday (13th).

Guedes' statement was given during his speech at the ceremony alluding to the sanction of the Eletrobras capitalization project. He spoke of the recovery of the Brazilian economy under the effects of the Covid pandemic.

Brazil's Economy Minister Paulo Guedes speaks during a news conference after a meeting to deliver the tax reform package at the National Congress in Brasilia, Brazil, June 25, 2021. REUTERS/Adriano Machado - REUTERS

"Brazil is moving forward, President. This year, we are going to grow around 5%. I mean, the Brazilian economy has fallen much less than expected, it has returned much faster than expected. Energy consumption booming, electricity consumption booming, revenues booming," he said.

Experts estimate that electricity should become more expensive for the consumer at the end of the year due to the low water levels in the hydroelectric reservoirs.

Translated by Kiratiana Freelon

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