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Brazil’s Mines and Energy Ministry announces 38.9% reduction in Itaipu’s tariff for 2023

The Ministry of Mines and Energy (MME) announced this Monday (Dec. 19) the reduction of 38.9% in the Itaipu tariff for 2023.

The new tariff reflects the reduction in the state-owned hydroelectric dam's debt service and the Unit Cost of Electricity Services (Cuse).

In 2019, Itaipu's debt was US$2.07 billion and will fall to US$277.3 million in 2023.

Thus, the tariff, which in 2019 was US$ 22.60/kW, will go to US$ 12.67, representing a reduction of more than R$9 (US$1.7) billion in the bill paid by . . .

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