Electricity bill rises in 2023, while payback for PV systems continues to fall

Increase in the value of residential tariff above inflation occurred despite a favorable scenario for electricity
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Conta de luz sobe em 2023, enquanto payback de sistemas FV segue em queda
Photo: Freepik

A electricity bill of the residential consumers accumulated high of 8.96% in Brazil in 2023, second survey of IBGE (Brazilian Institute of Geography and Statistics).

The information is part of the IPCA-15 (Broad National Consumer Price Index), which provides a preview of the country's official inflation. By projections, inflation was 4.72% last year. 

A The increase in the value of the electricity bill occurs despite a favorable scenario for the generation of electricity, since the hydroelectric reservoir levels remained with a good volume of water and the green tariff flag was maintained throughout the year. 

In this sense, the The main factor that led to the increase in tariffs were the readjustments and reviews carried out by the distributors. 

Currently, the North, Northeast and Central-West regions are the most affected due to the high cost of the electricity bill, according to a survey carried out by Canal Solar, based on data from ANEEL (National Electric Energy Agency). 

O For and the state which has the most expensive electricity bill in the country, with an average cost of R$ 0.962/kWh, while what Santa Catarina It is the region with the most affordable fare (R$ 0.593/kWh).  

Top 10 most expensive fares in Brazil by state:

  1. Pará: R$ 0.962/kWh
  2. Mato Grosso: R$ 0.883/kWh
  3. Mato Grosso do Sul: R$ 0.880 kWh
  4. Alagoas: R$ 0.866/kWh
  5. Piauí: R$ 0.854/kWh
  6. Rio de Janeiro: R$ 0.841/kWh
  7. Amazon: R$ 0.835/kWh
  8. Bahia: R$ 0.808/kWh
  9. Federal District: R$ 0.766/kWh
  10. Pernambuco: R$ 0.764/kWh

Payback decreasing

A fall average of 40% in the price of solar panels this year in Brazil further raised the attractiveness for installing photovoltaic systems on roofs. The analysis is from Portal Solar, a franchisor with more than 200 units spread across the country and around 20,000 photovoltaic systems installed. 

According to the mapping, the price reduction end to consumers, which has been driven mainly by the increase in Chinese production capacity, which holds 90% of the world's production of solar panels, improved the payback (return on investment time) between 10% and 20% to Brazilians who adopted the own generation of solar energy in 2023.    

“It is evident, therefore, that the gain in scale of global production, the increase in the efficiency of solar panels and the consequent drop in the final price of the technology not only dissolve the charges imposed by the new regulations in Brazil, but also increase the attractiveness and advantages of solar energy for consumers in the country”, assesses Rodolfo Meyer, CEO of Portal Solar.   

According to consultancy forecasts Wood Mackenzie, more 1 TW of wafer, cell and module manufacturing capacity will be available by the end of 2024, which represents sufficient production capacity to meet annual global demand for the next eight years. 

According to Meyer, such a scenario should cause the drop in the price of solar energy equipment continues to occur, making the investment even more attractive, even with the decision by the Federal Government to change the import tariff on solar panels. “Chinese solar panel prices are expected to reach the lowest level in history, reaching close to US$ 0.10/Wp,” he said. 


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Picture of Henrique Hein
Henry Hein
He worked at Correio Popular and Rádio Trianon. He has experience in podcast production, radio programs, interviews and reporting. Has been following the solar sector since 2020.

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