Economic impact of Brazil’s energy crisis will last until 2023

Brazilian shoppers are set to endure excessive utility payments for a minimum of one other two years. In September, vitality tariffs jumped 7 p.c as hydropower reservoirs proceed to dry up — forcing the federal government to modify on its dearer and polluting thermal vegetation. The disaster got here after Brazil’s driest summer season in 91 years.

In keeping with the ONS, the operators of the nationwide energy grid, São Paulo state’s greatest hydroelectric plant in Ilha Solteira can now not be used to provide vitality. Whereas its reservoirs usually are not empty, the most recent ONS report reveals water ranges under the minimal…