Reform of the Reforms in Brazil: Problems and Solutions

Araújo, João Lizardo R. Hermes de; Costa, Agnes Maria De Aragâo Da; Correia, Tiago; Melo, Elbia

doi:10.1016/b978-008047172-3.50019-2

Cited by 7 publications

(6 citation statements)

References 2 publications

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“…As a consequence of this reform, the Brazilian electricity sector is now composed of a wide variety of agents, numbering more than 1,250 (Araujo et al , 2008b). The agents comprise large and small generators; thermal power plants burning fossil fuels; independent producers, mostly with gas‐fired power plants; transmission companies; large consumers; power traders; and distribution utilities that operate in the network business and serve captive consumers.…”

Section: Electricity Sector Reforms In Brazilmentioning

confidence: 99%

“…The first reform can be divided into two main phases (Araujo et al , 2008b): the first phase when privatisation and reform followed nearly independent paths between 1995 and 2000 and the second phase from 2000 to 2003, which was marked by correction and adjustments to the reform mechanisms, and coping with the 2001 crisis and rationing.…”

Section: Electricity Sector Reforms In Brazilmentioning

confidence: 99%

“…The first reform was mainly based on the British experience (Littlechild, 2006; Newbery, 2006): a regulator, an independent system operator, a bulk market operator, open access, a spot market, bilateral contracting, regulation of the network business, unbundling of generation, transmission, distribution and trading (Araujo et al , 2008b). The reforms were ambitious but incomplete, and flawed in important aspects (Araujo and Oliveira, 2005).…”

Section: Electricity Sector Reforms In Brazilmentioning

confidence: 99%

“…The second phase of the first reform was characterised by correction and adjustments to the reform mechanisms, and coping with the 2001 crisis and rationing (Araujo et al , 2008b). Therefore, from late 2000 to 2003, the Brazilian government tried to correct the flaws in the market design by implementing ad hoc measures and policy adjustments.…”

Section: Electricity Sector Reforms In Brazilmentioning

confidence: 99%

“…The second reform reinforced the role of the government in the electricity sector, as the federal government reclaimed functions of planning and policymaking. Two features are apparent in the new arrangements: first, more centralisation of decision making; and second, more weight for government policy than in the first reform (Araujo et al , 2008b; Bajay, 2006).…”

Section: Electricity Sector Reforms In Brazilmentioning

confidence: 99%

See 4 more Smart Citations

Privatisation and electricity sector reforms in Brazil: accounting perspective

Wanderley

Cullen

Tsamenyi

2011

Journal of Accounting in Emerging Economies

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PurposeThe paper seeks to examine the evolution of regulatory accounting within the context of the Brazilian electricity sector reforms. The paper traces the process of the reforms and the development of the regulatory accounting system.Design/methodology/approachThe paper is based on data collected from various documents including those published by the regulator (such as laws, resolutions and technical notes), as well as information from distribution companies and other government agencies.FindingsIt is found that regulatory accounting played different roles under the different electricity sector reforms implemented in Brazil. For example, regulatory accounting was minimally used during the first reform, and this brought a range of problems of implementation and consolidation of the electricity sector model. However, regulatory accounting played an essential role in the regulatory framework under the second reform, and this in part contributed to addressing some of the problems of the sector.Originality/valueThis is the first study that describes and explains the Brazilian electricity sector reforms by analysing the so‐called core issues in regulatory accounting and tariff review process. The paper contributes to the literature by providing a broader picture of the interconnection between regulatory accounting and the regulator's objectives.

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Section: Electricity Sector Reforms In Brazilmentioning

confidence: 99%

Section: Electricity Sector Reforms In Brazilmentioning

confidence: 99%