Energisa

Distribution and Transmission Concessions

 
Empresa Municipalities Served Consumers
(‘000)
Concession Area Population Density Captive + Free Km 
DT Network
Km 
LT Network
# SE's
EMG 66 470 15.853 29,6 406,9 28.181 1.162 56
ENF 1 111 935   119,1 85,3 2.087 18 5
ESE 63 806 17.493 46,1 742,3 27.070 1.350 33
EBO 6 225 1.975 113,8 180,6 5.845 45 8
EPB 216 1.483 54.087 27,4 1.183,60 76.323 2.324 65
ERO 22 671 164.124 4,1 301,1 22.456 646 18
EAC 52 279 237.765 1,2 917,6 78.748 1.289 62
EMT 141 1.507 903.207 1,7 2.680,60 200.895 6.789 165
EMS 74 1.066 328.338 3,2 1.527,00 99.857 3.889 103
ETO 139 618 277.720 2,2 654,9 98.615 2.815 104
ESS 82 820 32.405 25,3 1.197,50 32.369 545 98

CD = Circuito Duplo

Empresa Lot Auction
(nº)
Geographic Reach Investment
(R$ milion)
Annual Permitted Revenue
(R$ milion)
Início da operação
EGO 03 005/2016 136 km (CD) 254,4 42,3 ago/21
EPA 26 e 19 005/2016 e 002/2018 296 km (CD) e 139 km (CD/CS) 340,2 e 396,7 53,3 e 36,9 nov/20 e mar/23
ETT 04 004/2018 772 km (CS) 627,4 66,3 mar/ 24
EAM 11 dez/20 418 km (CD/CS) 882,2 63,0 mar/26

Information about our concessions

Energisa has 11 electricity concessions dotted around Brazil’s 5 regions.

 

Distribution:

North:

ETO

The concession covers Tocantins state, including the municipalities of Palmas and Araguaína, which account for nearly 40% of local consumption. In terms of individual sectors, residential consumption accounted for nearly half of local energy consumption, driven by the warmer weather experienced in most of the year. The trade sector is the second largest energy consumer, followed by industry and rural activities, especially food production, above all animal protein, soy and corn products and segments related to the construction and agricultural inputs chain.

ERO

The concession covers Rondônia state, including the capital Porto Velho, which accounts for nearly 1/3 of local consumption. In terms of individual sectors, residential consumption accounted for nearly half of local energy consumption, driven by the warmer weather experienced in most of the year. The trade sector is the second largest energy consumer, followed by industry and rural activities, especially food production, above all animal protein and dairy, and segments related to the construction chain.

EAC

The concession covers Acre state, including the capital Rio Branco, which accounts for nearly 2/3 of local consumption. In terms of individual sectors, residential consumption accounted for approximately half of local energy consumption, driven by the warmer weather experienced in most of the year. The trade sector is the second largest energy consumer, followed by rural and industry activities, especially food production, above all animal protein, timber and segments related to the construction chain.


Click the spreadsheet to download it. 

 

Northeast:

EPB e EBO

The EPB+EBO covers Paraíba state, including the municipalities of João Pessoa and Campina Grande. The residential sector led consumption, accounting for more than 40% of local electricity consumption, driven by the warmer weather experienced in most of the year. Trade and industry are the next highest energy consumers, fueled by textile, footwear, cement and food production. Rural consumption was driven by sugar producers.

ESE

The residential sector accounts for the highest consumption in the concession covering Sergipe state, including the municipality of Aracajú, with more than 40% of local electricity consumption, driven by the warmer weather experienced in most of the year. The trade sector is the second largest energy consumer, followed by industry, especially textile and food production and segments related to the construction and oil and gas sectors.


Click the spreadsheet to download it. 

 

Midwest:

EMT e EMS

The Group’s concessions in Midwest Brazil are heavily dependent on agribusiness, especially the grain and animal protein production chains. In addition to the local economy, the dynamic nature of these activities also impacts the energy consumption by industry and rural and commercial properties, which jointly account for more than half of the region’s electricity consumption. As a result of the warmer weather experienced in most of the year, residential consumption was also strong, accounting for roughly 35% of local electricity consumption.


Click the spreadsheet to download it. 

 

South and Southest:

ESS

The South and Southeast concession primarily includes municipalities in upstate São Paulo, especially Presidente Prudente, Bragança Paulista and Catanduva, which jointly account for one third of local electricity consumption. The industry has a strong presence, accounting for nearly 30% of the region’s energy consumption – the largest local participation amongst the Group’s distribution companies. Food production, paper and pulp and the vehicles sectors were behind the positive performance. Accounting for nearly 10% of consumption, the rural sector was driven by farmers in the citrus belt, on irrigation activities, egg producers, sugar factories and other entities. The residential sector accounted for the highest proportion of consumption, with more than one third of local electricity demand.

EMG e ENF

EMG’s concession covers 71 municipalities in Minas Gerais state, including Muriaé, Ubá, Manhuaçu, Cataguases and Leopoldina. Residential consumption accounts for nearly 40% of local electricity consumption. Industry is the second largest energy consumer, especially the food, textile, furniture and mining segments. Rural consumption was driven by coffee producers. Local households account for more than half of the electricity consumption of ENF, with 2 municipalities in Rio de Janeiro: Nova Friburgo and Bom Jardim. This concession experiences mild weather most of the year, as it is located in the highlands. The commercial sector is the second largest energy consumer, followed by industry, also driven by metal products and textiles. These sectors jointly account for roughly 1/3 of local electricity consumption.

Click the spreadsheet to download it. 

Click here to download Excel Market Tables.

Click here to download the powerpoint regarding the evolution of the market since 2012.

 

Expiry of the concessions

Company Year acquired by Energisa  Concession commencement Concession expiry Contract type Has it already been renewed under Energisa’s control?
EMG 1905 (Foundation) 07/07/2015 07/07/2045 New Yes
ENF 1996 07/07/2015 07/07/2045 New Yes
ESE 1996 12/23/1997 12/23/2027 Old No
EBO 1999 02/04/2000 02/04/2030 Old No
EPB 2000 04/21/2001 03/21/2031 Old No
EMT 2014 12/11/1997 12/11/2027 Old No
EMS 2014 12/04/1997 12/04/2027 Old No
ETO 2014 01/01/2020 12/31/2049 New Yes
ESS 2014 07/07/2015 07/07/2045 New Yes
ERO 2018 10/30/2018 10/29/2048 New No
EAC 2018 12/07/2018 12/06/2048 New No

 

Regulatory

DisCo Rate Anniversary Latest Review Next Review Review Frequency Current Cycle Latest Rate Event Pmix (R$) % Adjustment Net BRR (R$ mm) B portion DRA (R$ mm) B portion DRP (R$ mm)
EMG 06/22 06/22/2021 06/22/2026 5 years Cycle 5 Revision 272.76 + 9.10 518.7 245.9 265.2
ENF 06/22 06/22/2021 06/22/2026 5 years Cycle 5 Revision 260.00 + 4.95 122.0 50.4 51.9
ESE 04/22 04/22/2018 04/22/2023 5 years Cycle 4 Adjustment 202.65 + 8.90 797.3 455.2 582.4
EBO 02/04 02/04/2021 02/04/2025 4 years Cycle 5 Revision 207.21 + 5.21 160.7 88.4 88.4
EPB 08/28 08/28/2021 08/28/2025 4 years Cycle 5 Adjustment 200.85 + 7.08 1,762.3 849.2 1,137.8
EMT 04/08 04/08/2018 04/08/2023 5 years Cycle 4 Adjustment 260.66 + 8.90 3,459.8 1,817.4 2,384.1
EMS 04/08 04/08/2018 04/08/2023 5 years Cycle 4 Adjustment 234.64 + 8.90 1,864.5 1,018.0 1,338.7
ETO 07/04 07/04/2021 07/04/2025 5 years Cycle 5 Adjustment 213.10 + 4.04 1,370.5 660.0 709.6
ESS 07/12 07/12/2021 07/12/2026 5 years Cycle 5 Revision 217.32 + 9.84 1,102.6 409.1 450.3
ERO* 12/13 12/13/2020 12/13/2023 5 years Cycle 4 Adjustment 185.08 – 11.29 1,566.9 435.3 654.7
EAC* 12/13 12/13/2020 12/13/2023 5 years Cycle 4 Adjustment 157.02 + 2.95 596.0 228.1 287.8
Total   –  –  –  – –   –  – –  13,321.3 6,257.0 7,950.9

* Extraordinary Review on 12/13/2020. 

For further details about the electric sector’s regulations, please see: https://ri.energisa.com.br/setor-eletrico-brasileiro/

To see the history of the B Portion and Remuneration Base, view the tabs “Regulatory – Portion B” and “Regulatory – BRR” in our database: https://ri.energisa.com.br/informacoes-financeiras-e-operacionais/resultados-interativos/


Useful Files

DisCo Sparta Latest Review NT Latest Review Sparta Latest Adjustment NT Lastest Adjustment
EMG
ENF
ESE
EBO
EPB
EMT
EMS
ETO
ESS
ERO*
EAC*

Click on the link below to visit the Aneel site presenting the Spartas and Technical Notes for each rate event: https://www.aneel.gov.br/resultado-dos-processos-tarifarios-de-distribuicao

 

Tax Benefits

Company Maturity Benefit Type  

Concession

ESE 12/31/2027 SUDENE 100%
EBO 12/31/2028 SUDENE 100%
EPB 12/31/2029 SUDENE 100%
EMT 12/31/2023 SUDAM 100%
ETO 12/31/2023 SUDAM 100%


Transmission:

Abstract

Energisa Group’s activities also include energy transmission assets resulting from the acquisitions of 5 lots at auctions in 2017, 2018 and 2020. In 2020 we managed to deliver 2 ventures, Goiás I (03/13/2020) and Pará I (11/12/2020), 17 and 16 months before schedule respectively. The investments in these two lots amounted to R$ 594.6 million, of which R$ 111.8 million was invested in 2020. These ventures represent Annual Permitted Revenue (“RAP”) of R$ 93.0 million. On 10/19/2020 two lines of Energisa Tocantins Transmissora (ETT) were awarded their construction licenses and began their respective works. ETT’s total estimated investment is R$ 661.4 million and a RAP of R$ 66.1 million. Line three in the section between Dianópolis (TO) and Barreiras (BA) received the installation license from IBAMA on 12/15/2020, thus completing the venture’s environmental licensing process. The Company also successfully bid for Lot 11 in the transmission auction held in December 2020. Called Energisa Amazonas (EAM), this project entails the acquisition of existing assets and building, revitalizing and upgrading substations and transmission lines. This venture aims to serve the metropolitan region of Manaus and Presidente Figueiredo. Aneel has estimated investment for this venture of R$ 900.3 million, of which R$ 239.3 million will be spent on acquiring existing assets paid to Energisa S.A. 20 Amazonas Geração on 03/30/21 and the remainder on revitalizations and construction work. Its total RAP is R$ 63 million. The five lots jointly possess Annual Permitted Revenue (RAP) of R$ 258.2 million (2020-21 cycle) and an estimated total investment of R$ 2,539.4 million. On February 16, 2021 Energisa Pará II (EPA II) concluded a 72.3 km section (230 kV) out of the total 139 km. The investments in this stage amounted to R$ 80.0 million, 20% of the total estimated investment, and its RAP is R$ 3.1 million, 8.6% of the venture’s total revenue. This operation was completed 25 months before the regulatory start date. The remaining works on this lot are expected to finish before the deadline of March 2023.

Click here to access this and other data about the transmission lots in Excel:


Tax Benefits

Company Maturity Benefit Type
EGO I Presumed Profit
EPA I Presumed Profit
EPA II Presumed Profit
ETT SUDAM (as from the time the taxable income basis begins to be used)
EAM SUDAM (as from the time the taxable income basis begins to be used)