Now he is gone. Interim measure (MP) Eletrobras was approved by the National Congress, which allowed the company to make a profit, but inflicted a painful defeat on Economy Minister Paulo Gedes.
The most positive moment among all the “turtles” who were fixated on the project throughout the entire process, was ultimately obtained. We are talking about gradual liberalization of energy until 2026, which means that any of us can join the free energy market.
The country has been waiting for this change for only thirty years, since the process of privatization of the electric power industry began in the 1990s.
Despite this defeat, Guedes’s advisers managed to remove from the text some points that would have cost even more. But in the end, the merits of the proposal ultimately reflect much more political interest than the ability to promote investment in Eletrobras and the energy sector so that the law does not fall into the hands of consumers.
It is noteworthy that the reaction of investors was positive, and the shares of Eletrobras continued to rise, pushing the price up to one of the highest levels in recent years this Monday (21).
In this issue of Market Discovery, CNN economics columnist Tas Heridia listens to experts to understand the movement.
