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Home / News / Market & Investments / Electricity bill is expected to increase on average above inflation in 2024

Electricity bill is expected to increase on average above inflation in 2024

Abrace calculations indicate that greater elevations will affect residents of Goiás, Alagoas and Minas Gerais
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  • Photo by Henrique Hein Henrique Hein
  • December 7, 2023, at 15:33 AM
1 min 31 sec read
Electricity bill is expected to increase on average above inflation in 2024
Photo: Marcello Casal Jr / Agência Brasil

A electricity bill of Brazilian consumers should become more expensive from next year, with an average increase across the country of 6,58% and could reach 10,41%, according to forecasts from hug (Brazilian Association of Large Energy Consumers). 

It is a elevation which, if confirmed, will be above inflation forecast for this year, which is 4,53%, and also from the year 2024, 3,91%, according to projections from the Central bank. 

Os calculations took into account the costs of distributors with charges. The highest elevations in the value of the electricity tariff should affect residents living under the distributors' concession area Equatorial Goiás and Alagoas; in addition to Cemig (Companhia Energética de Minas Gerais). 

At the concessionaire in Goiás, the increase could exceed 20% in 2024, while in Minas Gerais and Alagoas, the adjustments could exceed the barrier of 15% and 10% increase, respectively.

Currently, the Brazilian consumers are the ones who feel the biggest weight of the electricity bill in their budgets in comparison with 33 other OECD (Organization for Economic Cooperation and Development) countries, according to Abrace. 

This means that, considering GDP per capita, the The impact of energy expenditure weighs more heavily on Brazilians than on consumers in other countries, such as the United States, Spain and Canada. In general, a quarter of what a family spends per month in Brazil is on energy. 

In addition to Brazil, completing the list of ten countries where electricity bills most disrupt consumers' lives are: the Czech Republic; Greece; The Spain; Costa Rica; the Italy; Chile; Latvia; Slovakia and Portugal.

Abrace (Brazilian Association of Large Industrial Energy Consumers and Free Consumers) electricity bill electricity inflation energy tariff
Photo by Henrique Hein
Henrique 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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