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Research and Development and Energy Efficiency
 12 Months Ended
Dec. 31, 2021
Research and Development and Energy Efficiency

 

26.Research and Development and Energy Efficiency

In accordance with Law No. 9,991/2000 and supplementary regulations, concession operators and licensees of electric power generation and transmission are required to allocate annually the percentage of 1% of their net operating regulatory revenue to research and development of the electricity sector activities, and the electric power distribution concession operators must segregate this same percentage into the research and development and energy efficiency programs of the electricity sector.

Provisional Measure No. 998/2020, converted into Law No. 14,120/2021, amends Law No. 9,991/2000 and provides for the allocation of unused resources from Research and Development (R&D) and Energy Efficiency (PEE) to the Energy Development Account (CDE), aiming at low tariffs until 2025, as a measure to mitigate the economic impacts arising from the Covid-19 pandemic. Aneel Order No. 904/2021 determined the payments to CDE as from April 2021.

 

26.1Balances recognized for investment in Research and Development (R&D) activities and the Energy Efficiency Program (EEP)
           
           
  Disbursed and not completed Balance to be collected Balance to disburse Balance as of Balance as of
  12.31.2021 12.31.2020
Research and Development - R&D          
FNDCT   -   7,584   -   7,584   8,085
MME   -   3,790   -   3,790   4,041
R&D  195,059   1,299   89,671   286,029   332,746
   195,059  12,673   89,671   297,403   344,872
Energy efficiency program  - EEP        
Procel   -  19,883   - 19,883   5,855
EEP 94,290   2,574 212,947   309,811   314,284
  94,290  22,457 212,947   329,694   320,139
   289,349  35,130 302,618   627,097   665,011
      Current   292,495   380,186
      Noncurrent   334,602   284,825
National Fund for Scientific and Technological Development - FNDCT

National Program of Electricity Conservation - Procel

 

 

26.2Changes in R&D and EEP balances
             
  FNDCT  MME  R&D  Procel  EEP  Total 
Balance as of January 1, 2020  4,046  2,023   341,658 16,410   294,034 658,171
Additions 37,427 18,716  37,426 10,181  40,724 144,474
Performance agreement   -   - -   -   3,545 3,545
Interest rate (Note 34)   -   -   4,253  1,469   6,828   12,550
Payments   (33,388)   (16,698) -   (21,589) -  (71,675)
Concluded projects (Note 12 - a)   -   - (50,591)   - (31,463)  (82,054)
Balance as of December 31, 2020  8,085  4,041   332,746  5,855   314,284 665,011
Additions 50,804 25,399  50,796 12,801  51,206 191,006
Performance agreement   -   - -   -   3,010 3,010
Interest rate (Note 34)   -   -   3,664  1,227   9,923   14,814
Payments   (51,305)   (25,650) (15,966)   - (56,176)   (149,097)
Concluded projects (Note 12 - a)   -   - (85,211)   - (12,436)  (97,647)
Balance as of December 31, 2021  7,584  3,790   286,029 19,883   309,811 627,097