Financial sustainability disparities among energy distribution companies: a multi-factor study case in Brazil

Álvaro L. Ferreira (), Tomás C. de Castro (), Marcelo A. Costa (), Sérgio H. R. Ribeiro () and Iguatinan G. Monteiro ()
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Álvaro L. Ferreira: Universidade Federal de Minas Gerais
Tomás C. de Castro: Universidade Federal de Minas Gerais
Marcelo A. Costa: Companhia Energética de Minas Gerais
Sérgio H. R. Ribeiro: Companhia Energética de Minas Gerais
Iguatinan G. Monteiro: Companhia Energética de Minas Gerais

SN Business & Economics, 2023, vol. 3, issue 7, 1-35

Abstract: Abstract The main objective of this paper is to assess how the financial–economic sustainability of the electricity distribution sector in Brazil has evolved and what factors might be causing performance discrepancies among the Distributed System Operators (DSOs). We have employed several graphical analysis techniques and Ordinal Logistic Regression Models for the eight most important indicators defined by the National Electric Energy Agency (ANEEL). We find that there are consistent discrepancies among DSOs with different control types (public and private) and from different regions. Results show the struggle of public-controlled DSOs and of DSOs located in specific regions to achieve good performances. We conclude that ANEEL must consider the impact of these factors when comparing and evaluating the sustainability results from DSOs.

Keywords: Energy sector; Sustainability; Ordinal Logistic Regression; Indicators (search for similar items in EconPapers)
Date: 2023
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Citations: View citations in EconPapers (1)

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DOI: 10.1007/s43546-023-00484-7

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