Brazilians face higher power bills due to September's dry season
SAO PAULO - Brazilians will pay more for electricity in September as local power regulator Aneel decided to impose an additional charge on bills due to a drop in reservoir levels at hydroelectric plants amid the country's dry season.
In September, Aneel said in a statement late on Friday, it has decided to activate the"red level 2" rank, meaning that Brazilians will pay an additional 7.88 reais for each 100 kilowatt-hour of power they consume. The move came after rainfall was forecast at about 50% below average in September in Brazil's main hydroelectric areas, Aneel said, noting it would force power generators to increase the use of thermoelectric plants, which are more expensive.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors.
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