Bloomberg Anywhere Remote Login Bloomberg Terminal Demo Request


Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.


Financial Products

Enterprise Products


Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000


Industry Products

Media Services

Follow Us

Brazil Expects to Pay $1.3 Billion for Electricity Compensations

Brazil’s President Dilma Rousseff will sign today a presidential decree to allow the government to compensate utilities a total of 2.8 billion reais ($1.3 billion) to finance cuts in electricity tariffs, two ministers said.

“We anticipate the payment of 2.8 billion reais for power distributors,” Brazil Energy Minister Edison Lobao told reporters in Brasilia. “This money is due to be paid until December and compensates distributors so that they do not pass the price to consumers.”

The government is issuing the decree to continue using its CDE fund for the power rate cuts, Rousseff’s Chief of Staff Gleisi Hoffmann told reporters earlier today in Brasilia.

Brazil cut power rates last year in a bid to reduce production costs and help curb inflation. It extended power concession contracts while proposing lower tariffs be charged to consumers and industry. Some companies, such as Cia Energetica de Minas Gerais and Cia Energetica de Sao Paulo, rejected the government’s proposal.

“We reinforce our commitment with the average 20 percent power rate cut,” Lobao said.

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.