Brazil wants to reduce less energy amid drought

Brazil is looking to roll out measures in September to incentivize the population to use less energy, as the country faces drought. 

"The idea of the program is to reward consumers who make an effort to reduce the load and contribute to increasing safety and reducing the cost of generation," Brazil's electric energy secretary Christiano Vieira told journalists. 

There have been reports that the government wants to lower the country's electrical load by 10 percent and reduce demands on the system by 7,000 megawatts to avoid energy rationing, according to Reuters.