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

By RT Staff Reporters · December 19, 2022 · 1 min read

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).

Itaipu hydroelectric dam. (Photo internet reproduction)

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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 consumers of the power generated by the plant, the ministry said.

In addition, the ministry said that the investments planned for 2023 in structural works and environmental preservation is about R$415 million.

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

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