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Financial Instruments (Tables)
 12 Months Ended
Dec. 31, 2023
Notes and other explanatory information [abstract]  
Schedule of fair value of financial instruments
           
Consolidated        12.31.2023   12.31.2022
  Note Level Book value Fair value Book value Fair value
Financial assets            
Fair value through profit or loss            
Cash and cash equivalents (a) 5 1 5,634,623 5,634,623 2,678,457 2,678,457
Bonds and securities (b) 6 2 495,495 495,495 431,056 431,056
Accounts receivable - distribution concession (c) 9.1 3 1,954,679 1,954,679 1,442,819 1,442,819
Accounts receivable - generation concession (c) 9.3 3 71,835 71,835 68,642 68,642
Fair value in the purchase and sale of power (d) 11 3 1,101,684 1,101,684 1,081,758 1,081,758
Other temporary investments (e)   1 17,864 17,864 15,372 15,372
Other temporary investments (e)   2 13,864 13,864 10,247 10,247
      9,290,044 9,290,044 5,728,351 5,728,351
Amortized cost            
Collaterals and escrow accounts (a)     9 9 157 157
Trade accounts receivable (a) 7   3,866,429 3,866,429 3,451,869 3,451,869
Sectorial financial assets (a) 8   30,946 30,946 381,398 381,398
Accounts receivable - concessions - bonus from             
        the grant (g) 9.2   792,741 893,275 766,832 866,653
      4,690,125 4,790,659 4,600,256 4,700,077
Fair value through other comprehensive income            
   Certified Emission Reductions - CERs (j)     3,922 3,922 10,295 10,295
      3,922 3,922 10,295 10,295
Total financial assets     13,984,091 14,084,625 10,338,902 10,438,723
Financial liabilities            
Fair value through profit or loss            
Fair value in the purchase and sale of power (d) 27 3 753,584 753,584 738,703 738,703
      753,584 753,584 738,703 738,703
Amortized cost            
Sectorial financial liabilities (a) 8   503,991 503,991 483,255 483,255
ICMS installment payment (f) 12.2.3   41,286 37,777 48,320 43,419
Special Tax Regularization Program - Pert (f)  12.2   379,724 322,711 404,075 ;340,025
PIS and Cofins to be refunded to consumers (a) 12.2.1   731,726 731,726 1,995,158 1,995,158
Accounts payable to suppliers (a) 19   2,285,573 ;2,285,573 2,215,470 2,215,470
Loans and financing (f) 20   5,387,977 5,138,930 4,694,957 4,171,789
Debentures (h) 21   9,738,006 9,699,171 7,887,077 7,688,396
Accounts payable related to concession (i) 25   893,855 1,018,630 937,542 1,051,710
      19,962,138 19,738,509 18,665,854 17,989,222
Total financial liabilities     20,715,722 20,492,093 19,404,557 18,727,925
Different levels are defined as follows:            
Level 1: Obtained from quoted prices (not adjusted) in active markets for identical assets and liabilities;    
Level 2: obtained through other variables in addition to quoted prices included in Level 1, which are observable for the assets or liabilities;  
Level 3: obtained through assessment techniques which include variables for the assets or liabilities, which however are not based 
on observable market data.            
Schedule of credit risk with their contractual obligations
   
Consolidated      
Exposure to credit risk 12.31.2023 12.31.2022
Cash and cash equivalents (a) 5,634,623 2,678,457
Bonds and securities (a) 495,495 431,056
Pledges and restricted deposits linked (a) 9 157
Trade accounts receivable (b) 3,866,429 3,451,869
Sectorial financial assets (c) 30,946 381,398
Accounts receivable - distribution concession (c) 1,954,679 1,442,819
Accounts receivable - concessions - bonus from the grant (d) 792,741 766,832
Accounts receivable - generation concessions (e) 71,835 68,642
Other temporary investments (f) 31,728 25,619
  12,878,485 9,246,849

 

 

a)The Company manages the credit risk of its assets in accordance with its policy of investing financial resources in federal banking institutions or in private banks with low credit risk, according to the local rating of the main rating agencies.
b)Risk of losses resulting from difficulties to receive amounts billed to customers related to internal and external factors. To mitigate this type of risk, the Company manages its accounts receivable, detecting customers most likely to default, implementing specific collection policies and suspending the supply and/or recording of energy and the provision of service, as established in contract and regulatory standards.

 

c)Management considers the risk of this credit to be reduced, since the agreements signed guarantee the unconditional right to receive cash at the end of the concession to be paid by the Granting Authority, corresponding to the costs and investments not recovered through the distribution electrical energy tariff.

 

d)Management considers the risk of such credit to be low, as the contract for the sale of energy by quotas guarantees the receipt of an Annual Generation Revenue - RAG, which includes the annual amortization of this amount during the concession term.

 

e)For the generation concession assets, Aneel published Normative Resolution 596/2013, which deals with the definition of criteria for calculating the New replacement value (VNR), for the purposes of indemnification. In July 2021, Normative Resolution No. 942/2021 was published, later covered by Normative Resolution No. 1027/2022, which regulated the calculation of these values through the presentation of appraisal reports to be prepared by accredited companies. In August 2022, Copel filed with Aneel the assessment reports related to the residual values, with a base date of July 2015, for the HPP Governador Parigot de Souza - GPS and HPP Mourão - MOU, which, since January 2023, are being inspected by the regulatory agency. Management's expectation of indemnification for these assets supports recoverability of the balances recorded.

 

f)Risk arising from the possibility of the Company incurring losses due to stock market volatility. This type of risk involves external factors and is being managed through periodic assessments of the variations in the market.
Schedule of liquidity risk
             
Consolidated     Less than 1 to 3 3 months 1 to 5 Over  
   Interest (a)   1 month    months   to 1 year    years   5 years   Total  
12.31.2023              
Loans and financing Note 20 41,912 177,623 842,349 3,215,105 3,369,102 7,646,091
Debentures Note 21 116,823 12,567 1,885,073 7,556,981   3,819,348 13,390,792
Accounts payable related  Rate of return +            
  to concession IGP-M and IPCA 9,152 18,323 83,621 476,872 1,754,922 2,342,890
Accounts payable to suppliers - 1,997,850 216,264 16,393 55,066 - 2,285,573
PIS and Cofins to be refunded              
  to consumers Note 12.2.1 - - 558,591 231,114 - 789,705
Special Tax Regularization Program - Pert  Selic 5,234 10,564 49,005 295,609 89,727 450,139
ICMS installment payment Selic 953 1,922 8,902 34,709 - 46,486
Sectorial financial liabilities Selic 40,037 81,141 381,780 32,158 - 535,116
Lease liability Note 26 1,960 3,913 14,253 57,921 319,791 397,838
    2,213,921 522,317 3,839,967 11,955,535 9,352,890 27,884,630
(a) Effective interest rate - weighted average.            
Schedule of sensitivity analysis of foreign currency risk
         
.   Baseline  Projected scenarios
Foreign exchange risk Risk 12.31.2023 Probable   Scenario 1 Scenario 2
.          
Financial liabilities          
Suppliers          
Itaipu USD appreciation          (194,730)          (3,166)        (52,639)       (102,113)
           
             (194,730)          (3,166)        (52,639)       (102,113)
Schedule of gain (losses) on operations with derivative financial instruments
         
.   Baseline  Projected scenarios
Interest rate risk and monetary variation Risk 12.31.2023 Probable   Scenario 1 Scenario 2
.          
Financial assets          
Bonds and securities Low CDI/Selic 495,495         44,593         33,445         22,296
Collaterals and escrow accounts Low CDI/Selic                     9                  1                  1                   -
Sectorial financial assets Low Selic            30,946           2,785           2,089           1,393
Accounts receivable - concessions Low IPCA       2,747,420       106,050         79,538         53,025
Accounts receivable - generation concessions Undefined (a)            71,835                  -                   -                   -
          3,345,705       153,429       115,073         76,714
Financial liabilities          
Loans and financing          
  Banco do Brasil High CDI        (751,096)       (67,599)        (84,498)     (101,398)
  Banco Itaú High CDI     (1,039,097)       (93,519)      (116,898)     (140,278)
  BNDES High TJLP     (1,560,824)     (100,363)      (125,454)     (150,545)
  BNDES High IPCA        (392,709)       (15,159)        (18,948)       (22,738)
  Banco do Nordeste High IPCA     (1,584,566)       (61,164)        (76,455)       (91,746)
  Banco do Brasil - BNDES Transfer High TJLP          (49,263)         (3,168)          (3,960)         (4,752)
  Other No risk          (10,422)                  -                   -                   -
Debentures High CDI/Selic     (6,587,635)     (592,887)      (741,109)     (889,331)
Debentures High IPCA     (3,067,627)     (118,410)      (148,013)     (177,616)
Debentures High TJLP          (82,744)         (5,321)          (6,651)         (7,981)
Sectorial financial liabilities High Selic        (503,991)       (45,359)        (56,699)       (68,039)
ICMS installment payment High Selic          (41,286)         (3,716)          (4,645)         (5,574)
Special Tax Regularization Program - Pert  High Selic        (379,724)       (34,175)        (42,719)       (51,263)
Accounts payable related to concession High IGP-M        (828,695)       (33,479)        (41,849)       (50,219)
Accounts payable related to concession High IPCA          (65,160)         (2,515)          (3,144)         (3,773)
.     (16,944,839)  (1,176,834)   (1,471,042)  (1,765,253)
(a) Risk assessment still requires ruling by the Concession grantor.
Schedule of indicators and penalties
       
Year Indicator Criteria Penalties
From 2021 Economic - financial efficiency in the base year Capital Increase (a)
Limitation on distribution of dividends and interest on capital
Restrictive regime for contracts with related parties
2 consecutive years Concession termination
Quality Indicators in the base year Results plan
2 consecutive years or 3 of the previous 5 calendar years Limitation on distribution of dividends and interest on capital
3 consecutive years Concession termination
(a) Within 180 days from the end of each fiscal year, in the totality of the insufficiency that occurs to reach the Minimum Economic and Financial Sustainability Parameter.
Schedule of targets set
           
             
      Quality - limits Quality - performed
Year Economic and Financial Management Realized DECi FECi  DECi  FECi 
2022 {Net Debt / [EBITDA (-) QRR ≥ 0]} ≤ 1 / (1,11 * Selic)  Achieved         9.19        6.80          7.98          5.29
2023 {Net Debt / [EBITDA (-) QRR ≥ 0]} ≤ 1 / (1,11 * Selic)                   -        8.69        6.39          7.86          5.21
Net Debt: Gross debt deducted from financial assets, with the exception of financial assets and financial liabilities in administrative or judicial discussion. The accounts that make up the gross debt and financial assets are defined in the attachment VIII to Aneel Resolution No 948/2021.
QRR: Regulatory Reinstatement Share or Regulatory Depreciation Expense. This value will be the one defined in the last Periodic Tariff Review, updated by the variation of the Regulatory Portion B and calculated on a pro rata basis.
Recurring EBITDA: Earnings Before Interest (Financial Result), Taxes (Income Taxes), Depreciation and Amortization.
Quality indicators: For the years 2022 to 2026, the annual thresholds are set out in Resolution No. 10,231/2021. 
Schedule of notional values of the electricity commercialization contracts
   
. Purchase  Sale
2024           721,208           800,793
2025           806,521           865,199
2026           691,420           720,295
2027           621,240           597,938
2028           423,561           494,941
2029 to 2040        3,060,268        3,888,123
         6,324,218        7,367,289
Schedule of outstanding transactions of financial statements
     
Consolidated   Assets  Liabilities Net
Current 379,261 (321,646) 57,615
Noncurrent 722,423 (431,938) 290,485
  1,101,684 (753,584) 348,100
Schedule of sensitivity analysis of energy purchase and sale operations
         
Consolidated   Price Baseline  Projected scenarios
  variation 12.31.2023 Probable   Scenario 1 Scenario 2
           
Unrealized gains (losses) on energy purchase and sale operations  Increase  348,100 348,100 303,302 258,504
         
    Decrease  348,100 348,100 392,897 437,695
Schedule of capital monitored by index
     
  12.31.2023 12.31.2022 (a)
Loans and financing 5,343,217 4,650,363
Debentures  9,619,106 7,803,855
(-) Cash and cash equivalents (5,634,623) (2,678,457)
(-) Bonds and securities - debt contract guarantees (405,342) (290,695)
Adjusted net debt 8,922,358 9,485,066
Net income 2,327,168 1,149,321
Net income from discontinued operations (191,501) -
Net income from continuing operations 2,135,667 1,149,321
Equity in earnings of investees (307,809) (478,577)
Deferred IRPJ and CSLL (17,047) (628,389)
Provision for IRPJ and CSLL 371,104 429,267
Financial expenses (income), net 1,204,990 1,966,037
Depreciation and amortization 1,382,040 1,300,982
Provision for allocation of PIS and Cofins credits - 810,563
(-/+) Impairment (177,693) 84,387
Adjusted ebitda 4,591,252 4,633,591
Adjusted net debt/Adjusted ebitda 1.94 2.05
(a) The balances as of December 31, 2022 do not consider the reclassification of the discontinued operation as they reflect the calculation of the indicator based on the scenario existing on that date.
Schedule of debt to equity ratio
   
Indebtedness 12.31.2023 12.31.2022
Loans and financing 5,343,217 4,650,363
Debentures 9,619,106 7,803,855
(-) Cash and cash equivalents (5,634,623) (2,678,457)
(-) Bonds and securities - debt contract guarantees (405,342) (290,695)
Adjusted net debt 8,922,358 9,485,066
Equity 24,191,667 21,131,225
Debt to equity ratio 0.37 0.45