Revenues (Tables)

12 Months Ended

Dec. 31, 2018


	2018			2017			2016
Revenue from supply of energy(a)		24,872			23,701			23,430
Revenue from use of the electricity distribution systems (TUSD) (b)		2,045			1,611			1,705
CVA, and Other financial components (c)		1,973			988			(1,455	)
Transmission revenue
Transmission concession revenue (d)		411			371			312
Transmission construction revenue (e)		96			25			54
Transmission indemnity revenue (f)		250			373			751
Generation Indemnity Revenue (g)		55			271			—
Distribution construction revenue (e)		802			1,094			1,139
Adjustment to expectation of cash flow from indemnifiable financial assets of distribution concession (h)		—			9			8
Revenue on financial updating of the Concession Grant Fee (i)		321			317			300
Energy transactions on the CCEE (i)		217			860			161
Supply of gas		1,995			1,759			1,444
Fine for violation of service continuity indicator (1)		(44	)		—			—
Other operating revenues (k)		1,585			1,484			1,421
Deductions on revenue (l)		(12,312	)		(11,151	)		(10,497	)

Net operating revenue		22,266			21,712			18,773

(1)	As mentioned in Note 2.5, as from January 1, 2018 these amounts began to be recognized as a reduction of revenue, rather than as operational expenses, as per the change contained in IFRS 15.

Summary of the Supply of Electricity by Type of Consumer

This table shows energy supply by type of customer:


	GWh (1)						R$
	2018		2017		2016		2018			2017		2016
Residential		10,267		10,008		9,916		8,658			7,842		7,819
Industrial		17,689		17,761		19,494		4,893			4,907		5,396
Commercial, services and others		8,380		7,507		6,573		4,683			4,342		4,359
Rural		3,615		3,651		3,575		1,794			1,629		1,463
Public authorities		871		866		886		575			532		545
Public lighting		1,384		1,367		1,350		585			537		528
Public services		1,316		1,301		1,252		646			589		547

Subtotal		43,522		42,461		43,046		21,834			20,378		20,657

Own consumption		41		37		37		48			—		—
Unbilled revenue				—		—		—			61		(199	)

		43,563		42,498		43,083		21,882			20,439		20,458

Wholesale supply to other concession holders (2)		11,992		12,777		12,509		3,002			1,727		2,713
Wholesale supply unbilled, net		—		—		—		(12	)		1,535		259

Total		55,555		55,275		55,592		24,872			23,701		23,430

(1)	Data not audited by external auditors.

(2)	Includes a CCEAR (Regulated Market Sales Contract), ‘bilateral contracts’ with other agents, and the revenues from management of generation assets (GAG) for the 18 hydroelectric plants of Lot D of Auction no 12/2015.

Summary of Other Operating Revenues

k) Other operating revenues


	2018		2017		2016
Charged service		14		10		6
Telecoms services (1)		0		149		137
Services rendered		188		156		167
Subsidies (2)		1,136		1,034		1,001
Rental and leasing		90		121		105
Reimbursement for decontracted supply (3)		145		—		—
Other		12		14		5

		1,585		1,484		1,421

(1)	Due to the classification of certain telecommunications assets as held for sale, the revenues from the discontinued operations were segregated. The sale of the telecom assets previously classified as held for sale took place in November 2018, as described in Note 33.

(2)	Revenue recognized for the tariff subsidies applied to users of distribution services, reimbursed by Eletrobras.

(3)

The amount of R$84 refers to the reimbursement of the contracted energy supply agreed between Santo Antônio Energia S.A., a subsidiary of Madeira Energia, and Cemig Distribuição, due to change in the power purchase agreements (CCEARs). The amount will be settled in 24 monthly installments, with monthly inflation correction at the Selic rate; R$50 refers to the reimbursement of the contracted supply agreed between Renova and Cemig GT due to suspension by Renova of supply of contracted energy for the period July to December 2018. The advances made by Cemig GT related to this period will be settled in a single payment in January 2019, with inflation adjustment at 155% of the DI rate (published by Cetip).

Summary of Deductions from Revenue

l) Deductions on revenue


	2018		2017		2016
Taxes on revenue
ICMS(1)		5,657		5,847		5,211
Cofins		2,547		2,237		2,041
PIS and Pasep		553		455		443
Others		8		8		7

		8,765		8,547		7,702
Charges to the customer
Global Reversion Reserve (RGR)		19		17		(18	)
Energy Efficiency Program (PEE)		64		56		58
Energy Development Account (CDE)		2,603		1,822		2,074
Research and Development (R&D)		38		38		48
National Scientific and Technological Development Fund (FNDCT)		38		38		48
Energy System Expansion Research (EPE of MME)		19		19		24
Customer charges – Proinfa alternative sources program		40		39		43
Energy services inspection fee		26		29		35
Royalties for use of water resources		45		92		123
Customer charges – the ‘Flag Tariff’ system		655		454		360

		3,547		2,604		2,795

		12,312		11,151		10,497

(1)	As from January 1, 2016, the rate for customers in the Commercial, services and other activities category was changed from 18% to 25% (Decree nº 46.924, of December 29, 2015).