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Net revenue
(R$ million)

EBITDA
(R$ million)

Net profit
(R$ million)

Outlook

The energy industry is a strategic one in the plans of growth of Brazilian economy. In generation, priority will be given to the growth of renewable energy. In distribution, there is a trend toward ownership consolidation, where CPFL is a natural candidate to the role of consolidator due to its operating scale and excellence. The third cycle of pricing adjustment promoted by the National Agency of Electric Power (Aneel), which will contribute to reasonable fees, is likely to accelerate even further the industry’s ownership consolidation by demanding from distributors a more efficient operation.

CPFL is ready for this new scenario after the Transformation Program adopted in 2011. It involved the revision of processes, systems, and practices, and made the company more efficient and competitive. The priority will be to invest in security and modernization, such as smart meters and grids, with quality and customer service improvements.