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Political Economy of the Brazilian Power Industry Reform, The
Working Paper

Published By

Program on Energy and Sustainable Development Working Paper #2, page(s): 42

December 2003

After a long period of rapid growth the Brazilian power industry entered a period of stagnation and crisis in the 1980s. Ever since the 1930s a series of tariff rules and nationalizations had squeezed private investors from the market. In their place, state enterprises had assumed the function of distributing electricity in Brazil's 26 states; Eletrobras, owned by the central government, managed the transmission system and also generated much of the electricity in Brazil.

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