EVALUATION OF THE PERFORMANCE OF ELECTRICITY TRANSMITTERS IN BRAZIL: A GAME THEORY APPROACH IN A SYSTEM WITH NETWORK STRUCTURE.
DEA. Network DEA. Power transmission. Game theory.
This paper aims to propose a fair efficiency evaluation model for electric power transmission companies in Brazil. The attention to this segment is mainly due to its large participation in the costs involved to define the value of the electric energy tariff, in addition to the large territorial extension, making the process as a whole quite delicate. The energy transmission system in Brazil, under the responsibility of the National Electric Energy Agency (ANEEL), adopts the revenue-cap (RC) model for incentive-based regulation. For this, among other factors, a performance analysis of the companies responsible for transmitting energy is carried out. The benchmarking study is then applied through Data Envelopment Analysis (DEA), with non-decreasing returns of scale (NDRS). In this research, a systematic search was performed in the academic literature that encompasses the application of the DEA, and adjacent models, in the segment of electric power transmission. The systematized studies have different aspects in their modeling and approach to the problem. The evaluation model that this research adopts is the DEA with structure in two-stage networks, in which the set of variables are responsible for explaining operational (stage 1) and financial (stage 2) efficiency. Considering possible flexibilities and uncertainties inherent in the network models, the Nash bargain game and the non-cooperative Stackelberg game are also used separately to ensure the uniqueness of optimum efficiency per stage. It is expected that the approach to be adopted improves the practice of transmitter performance analysis, both from the perspective of the companies and the regulatory agency, thus benefiting the consumer society in general.