EDP : Portugal’s main energy producer that everyone loved to hate
Autor(a) principal: | |
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Data de Publicação: | 2019 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | eng |
Título da fonte: | Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
Texto Completo: | http://hdl.handle.net/10400.5/24657 |
Resumo: | Research methodology This study has used public sources, interview with one of the case protagonists. Case overview/synopsis This business case portrays the problems that an energy producing company faced in Portugal, in its transition from being a public company to becoming privatized. The Portuguese Government issued EDP with generous subsidies to guarantee its future profits and privatization success, but a few years later, after EDP was fully privatized, there was great political pressure to downsize such subsidies. The case describes the main steps taken by EDP from its creation and privatization, culminating at the end of 2017, where it was heavily criticized by media and political parties due to a high value of subsidies that had been granted to the company by the Portuguese Government in the past, while it was still a public company, and the renegotiation of those same subsidies after it had been privatized. EDP’s President António Mexia was under police investigation due to having led the renegotiation talks in 2007, and it was feared that EDP’s investors could refrain from investing in the company. Should EDP campaign to clear its good name, or would it be better to let the matter fall with the passing of time? Could the share value be affected? Should EDP prepare itself for loss of revenue due to an eventual downsizing of the subsidies? Complexity academic level This study covers energy sector, privatization issues and government support. The relevance of this study is good for use in Business Schools and MBA courses. |
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EDP : Portugal’s main energy producer that everyone loved to hateEnergy SectorSubsidiesPrivatizationGovernment SupportResearch methodology This study has used public sources, interview with one of the case protagonists. Case overview/synopsis This business case portrays the problems that an energy producing company faced in Portugal, in its transition from being a public company to becoming privatized. The Portuguese Government issued EDP with generous subsidies to guarantee its future profits and privatization success, but a few years later, after EDP was fully privatized, there was great political pressure to downsize such subsidies. The case describes the main steps taken by EDP from its creation and privatization, culminating at the end of 2017, where it was heavily criticized by media and political parties due to a high value of subsidies that had been granted to the company by the Portuguese Government in the past, while it was still a public company, and the renegotiation of those same subsidies after it had been privatized. EDP’s President António Mexia was under police investigation due to having led the renegotiation talks in 2007, and it was feared that EDP’s investors could refrain from investing in the company. Should EDP campaign to clear its good name, or would it be better to let the matter fall with the passing of time? Could the share value be affected? Should EDP prepare itself for loss of revenue due to an eventual downsizing of the subsidies? Complexity academic level This study covers energy sector, privatization issues and government support. The relevance of this study is good for use in Business Schools and MBA courses.Emerald Publishing LimitedRepositório da Universidade de LisboaSilva, João Carlos MarquesPereira, José Azevedo2022-06-23T13:38:28Z20192019-01-01T00:00:00Zinfo:eu-repo/semantics/publishedVersioninfo:eu-repo/semantics/articleapplication/pdfhttp://hdl.handle.net/10400.5/24657engSilva, João Carlos Marques and José Azevedo Pereira. (2019). "EDP – Portugal’s main energy producer that everyone loved to hate", The CASE Journal, Vol. 15, No. 6, pp. 545-574.1544-9106metadata only accessinfo:eu-repo/semantics/openAccessreponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos)instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãoinstacron:RCAAP2023-03-06T14:54:16Zoai:www.repository.utl.pt:10400.5/24657Portal AgregadorONGhttps://www.rcaap.pt/oai/openaireopendoar:71602024-03-19T17:08:39.278010Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informaçãofalse |
dc.title.none.fl_str_mv |
EDP : Portugal’s main energy producer that everyone loved to hate |
title |
EDP : Portugal’s main energy producer that everyone loved to hate |
spellingShingle |
EDP : Portugal’s main energy producer that everyone loved to hate Silva, João Carlos Marques Energy Sector Subsidies Privatization Government Support |
title_short |
EDP : Portugal’s main energy producer that everyone loved to hate |
title_full |
EDP : Portugal’s main energy producer that everyone loved to hate |
title_fullStr |
EDP : Portugal’s main energy producer that everyone loved to hate |
title_full_unstemmed |
EDP : Portugal’s main energy producer that everyone loved to hate |
title_sort |
EDP : Portugal’s main energy producer that everyone loved to hate |
author |
Silva, João Carlos Marques |
author_facet |
Silva, João Carlos Marques Pereira, José Azevedo |
author_role |
author |
author2 |
Pereira, José Azevedo |
author2_role |
author |
dc.contributor.none.fl_str_mv |
Repositório da Universidade de Lisboa |
dc.contributor.author.fl_str_mv |
Silva, João Carlos Marques Pereira, José Azevedo |
dc.subject.por.fl_str_mv |
Energy Sector Subsidies Privatization Government Support |
topic |
Energy Sector Subsidies Privatization Government Support |
description |
Research methodology This study has used public sources, interview with one of the case protagonists. Case overview/synopsis This business case portrays the problems that an energy producing company faced in Portugal, in its transition from being a public company to becoming privatized. The Portuguese Government issued EDP with generous subsidies to guarantee its future profits and privatization success, but a few years later, after EDP was fully privatized, there was great political pressure to downsize such subsidies. The case describes the main steps taken by EDP from its creation and privatization, culminating at the end of 2017, where it was heavily criticized by media and political parties due to a high value of subsidies that had been granted to the company by the Portuguese Government in the past, while it was still a public company, and the renegotiation of those same subsidies after it had been privatized. EDP’s President António Mexia was under police investigation due to having led the renegotiation talks in 2007, and it was feared that EDP’s investors could refrain from investing in the company. Should EDP campaign to clear its good name, or would it be better to let the matter fall with the passing of time? Could the share value be affected? Should EDP prepare itself for loss of revenue due to an eventual downsizing of the subsidies? Complexity academic level This study covers energy sector, privatization issues and government support. The relevance of this study is good for use in Business Schools and MBA courses. |
publishDate |
2019 |
dc.date.none.fl_str_mv |
2019 2019-01-01T00:00:00Z 2022-06-23T13:38:28Z |
dc.type.status.fl_str_mv |
info:eu-repo/semantics/publishedVersion |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
http://hdl.handle.net/10400.5/24657 |
url |
http://hdl.handle.net/10400.5/24657 |
dc.language.iso.fl_str_mv |
eng |
language |
eng |
dc.relation.none.fl_str_mv |
Silva, João Carlos Marques and José Azevedo Pereira. (2019). "EDP – Portugal’s main energy producer that everyone loved to hate", The CASE Journal, Vol. 15, No. 6, pp. 545-574. 1544-9106 |
dc.rights.driver.fl_str_mv |
metadata only access info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
metadata only access |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
Emerald Publishing Limited |
publisher.none.fl_str_mv |
Emerald Publishing Limited |
dc.source.none.fl_str_mv |
reponame:Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) instname:Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação instacron:RCAAP |
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Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
instacron_str |
RCAAP |
institution |
RCAAP |
reponame_str |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
collection |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) |
repository.name.fl_str_mv |
Repositório Científico de Acesso Aberto de Portugal (Repositórios Cientìficos) - Agência para a Sociedade do Conhecimento (UMIC) - FCT - Sociedade da Informação |
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1799131180571820032 |