Fonte: ANEELThe Brazilian Electricity Regulatory Agency (Aneel) approved today (11/25) the results of the public audition no. 52/2007 which deals with the improvements in the criteria utilized in the second cycle of periodical tax adjustment of the electricity distribution concessionaires.

Following the decision, the improvements in the methodologies will be utilized in the adjustments of the second cycle, initiated in 2007, for the 42 adjustments which had provisory results prior to this alteration, besides the 19 adjustments which still did not have their provisory results published. The technical area will make the calculations of the definitive tax adjustment proposals by the concessionaires and will forward them for assessment by the College of Directors during the year 2009.

The improvements approved by Aneel established parameters in the adjustment process towards the elaboration of a Reference Company* model closer to the reality of the distribution sector and based in the principle of good company management practices. As for the X Factor** calculation, the new proposal has adjustments in the current methodology to make it more transparent, through the detailing of incomes and expenditures, evolution of the remuneration basis and investment projects. In the last item, with a transfer to the customer of scale profits obtained by the concessionaires, considering the investments made as opposite to the projected ones.

As for the Non-technical energy Losses***, the idea is to determinate the adequate treatment on the topic, through a methodology which allows the comparison between the several distribution concessionaires considering the specificities of each concession area. The proposal also defines criteria for calculation of the operation costs and necessary investments against the losses, as well as the desirable level of losses for the tax cycle. As for the technical losses, a calculation will be made on the level to be recognized in the tax processes regarding the electrical characteristics of the distribution systems of each concessionaire.

The alterations proposed for the definition of the Remuneration Basis**** include the adoption of the average individual cost for equipment and facilities directed at the distribution services which are put in operation between the first and second distributor tax adjustment.

Below are the technical notes with the improvements in these methodologies:

X Factor: Technical Note no. 340 and no. 352

Remuneration basis: Technical Note no. 547

Reference Company: Technical Note no. 343 – Annex I to XI – Annex XII

Non-technical Losses: Technical Note no. 342

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*Reference Company – Model used in the adjustment process which establishes performance parameters by company seeking the efficient management of the services provided. It considers specific aspects of each license contract, as well as characteristics of the market served, customers’ location and quality levels.
**X Factor – mechanism which allows the sharing of productivity profits directed at the companies in the interval between the periodical tax adjustments along with the customers.
***Technical Losses, Non-technical Losses and Irreparable Losses – Technical losses are losses in the transport of energy in the distribution network. Non-technical losses are losses resulting from theft or adulteration in the electricity gauges. Irreparable losses concern the non-manageable part of the default, i.e., over which the companies do not have control.

**** Remuneration Basis – It is the amount of investment to be remunerated. It considers the value of the necessary assets for the distribution service.