Regulation and entry of new players in the electric sector: the Brazilian case revisited
by Helder Queiroz Pinto, Mariana Iootty
Global Business and Economics Review (GBER), Vol. 7, No. 2/3, 2005

Abstract: The new basic conditions of energy industries – depicted by the deregulation process, technological innovations, and maturity of network industries in the industrialised countries – promoted the transformation, on the international level, of the energy sector's industrial configuration. In many countries, this movement has been accompanied by the privatisation process of electric firms. Direct impact upon ownership restructuring can be identified. In the Brazilian case, one of the interesting features was the entry of some international players. The present work draws attention to the need for adaptation of the Brazilian electric sector institutional design, given the new strategic behaviour of energy firms. The paper highlights that the opening up process carried out on the Brazilian electric sector has also contributed to instability of the sector, due to the recurrent changes in the strategic goals of these firms, and to the institutional and regulatory uncertainties in the sector.

Online publication date: Sat, 20-Aug-2005

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