Selling off assets has filled government coffers, but ended up boosting power prices

The head of Brazil's national electricity regulator, Aneel, is still not completely behind the Eletrobras privatization plan, saying it will have a significant and prolonged effect on electricity prices. “Selling off assets has filled government coffers, but ended up boosting power prices, Aneel president Romeu Rufino said following the approval of a 16% increase in power prices at utility Copel. If the government sells assets with amortized investments, it should pass on savings to consumer power prices, he said.”