Abstract
The electricity theft is an economic issue for the electricity company due to unbilled revenue of consumers who commit such action. In a regulated scenario, the company needs to fit within the laws of a regulatory agency (ANEEL in Brazil) and the loss of revenue is a problem that can compromise the compliance with regulatory targets and business efficiency. The objective of this article is to analyze how the energy theft impacts on the economy of the regulated company, consumers and society as a whole. Through the economic model TAROT (optimized tariff), it was possible through a concise and comprehensive manner to analyze the regulated electricity market using simulations and discover in which points the company operates regulated and through it to determine the economic indicators.
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Acknowledgements
The authors would like to thank ELETROBRAS, ANEEL, INERGE, CAPES, CNPq and FAPEMIG for financially supporting this research.
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Appendix
Appendix
TAROT (acronym for optimized tariff) is a model based on demonstration of the company’s value. It combines the EVA calculation methodology, worldwide popularized by the company STERN and STEWART with ANEEL regulatory procedure for tariff revision. TAROT is based on a structure of expenditures (G), appropriate to electrical distribution system, which relates the costs in proportion to sales, technical losses and depreciation on investment. Starting from the revenue (R), results taxable gains (EBIT \(= R - G\)) and taxes (\(X = t\).EBIT). Finally, capital remuneration is subtracted (\(Y = r_{w}.B\)) where (B) is the investment and (\(r_{w}\)) the cost of capital (WACC—weighted average capital cost).
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Arango, L.G., Deccache, E., Bonatto, B.D. et al. Study of Electricity Theft Impact on the Economy of a Regulated Electricity Company. J Control Autom Electr Syst 28, 567–575 (2017). https://doi.org/10.1007/s40313-017-0325-z
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DOI: https://doi.org/10.1007/s40313-017-0325-z