Government supports full opening of free energy market in Brazil, says ministry

The free market is an environment where consumers and traders - or generators - freely negotiate the prices they want to pay for electricity. It is already similar in the cell phone market, where customers contract for the service of the carrier they want.

RIO DE JANEIRO, BRAZIL - The program director of the Executive Secretariat of the Ministry of Mines and Energy (MME), Camilla Fernandes, said that the federal government supports the proposal of a full opening of the free energy market.

She made the remarks Tuesday morning (24) during a lecture at Ipea (Institute for Applied Economic Research) on draft law 414/2021, which provides for the market's opening in up to 42 months.

"This project, in its current form, has already summarized everything that has been developed, the public consultations, studies, etc. The Ministry of Mines and Energy also supports it . . .

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