A (des)construção dos modelos regulatórios no setor de energia elétrica do Brasil: instabilidades, incertezas e a reforma institucional de 2004
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2005-03-31
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Kasznar, Istvan Karoly
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In the last years, the Brazilian electric power industry has been passed, basically, for two sectorial restructurings, implanted in accordance with divergent policies and ideologies. However, these reorganizations have converged to the same final objective: the search for private investments in order to give support to the expansion of the system. This is the great challenge of new institutional model of 2004 that appears in a disturbing environment of strong perception of risks and uncertainties. The great responsible for retreating and balancing in time to invest is the instability of regulatory. However, the present research aims to identify the motivated factors of the new sectorial restructuring. Then, it can be correlated facts of the past with recent reform, identifying possible deficiencies and critical factors of success. On this hand, the present study appealed to the existing literature as well as semi-structured interviews with specialists of Brazilian electric power sector. The data had been analysed qualitatively through established a posteriori categories in order to accept or to refute the assumptions. The evidences suggest that still have problems of Brazilian electric power market such as environmental and regulation risks, despite of this new model has absorbed mechanisms from experiences of regulatories of the last years. The risen regulation risk has been seen by the players since the launch of the model in 2004. In sum, the federal government represented by Ministry of Mines and Energy (MME) should provide the regulation stability and should attract the investments in order to mitigate the risk of electric power rationing.