Determinants of the economic performance of Brazilian electricity distributors
| Autor: | Luiz de Magalhães Ozorio, Ana Carolina Chaves, Roberto Brandão, Nivalde José Castro, Mauricio Tiomno Tolmasquim, Marcelo Maestrini, Arthur Felipe Tavares |
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| Rok vydání: | 2021 |
| Předmět: |
Electric power distribution
Profit (accounting) Sociology and Political Science Earnings business.industry 020209 energy Tariff 02 engineering and technology 010501 environmental sciences Management Monitoring Policy and Law Development 01 natural sciences Distribution system 0202 electrical engineering electronic engineering information engineering Review process Business Regulatory agency Electricity Business and International Management Industrial organization 0105 earth and related environmental sciences |
| Zdroj: | Utilities Policy. 68:101142 |
| ISSN: | 0957-1787 |
| Popis: | This research aims to quantify the determinants of Brazilian Distribution System Operators (DSOs) economic performance. In this sense, seven cost and performance drivers of a DSO economic performance were defined. The contribution of each one to the actual DSO profit was measured by using Brazilian regulatory agency financial and operating data from 2009 to 2016. The analysis helps explain why Brazilian DSOs earnings have been, on average, lower than regulator-authorized earnings defined in the tariff review process over the last years, and the main determinant of it was the adverse effect on the market (2009 and 2014 to 2016), which was probably due to the economic crisis. Additionally, we have shown that part of the finance distress comes from electricity losses no recovery in tariff and we confirm that province-owned are prone to be less efficient than private utilities. |
| Databáze: | OpenAIRE |
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