Good afternoon to everybody, and please be welcome to the earnings conference call for the Q3 2022, and public meeting with analysts from Energisa. We inform you that this earnings conference call is being recorded, and it's gonna be available at the company's IR website, where the current presentation is available. We highlight that whoever may need simultaneous translation, we have this tool available at the globe icon written interpretation located at the bottom center of your screen. By selecting it, please choose your preferred language, Portuguese or English. For those listening to the presentation in English, you can mute the original audio by clicking on the option Mute Original Audio. For the Q&A, question and answer session, we ask that you send them via the Q&A icon located at the bottom of your screen as well.
By procedure, your name will then be announced to ask your question live. Then a request to open your microphone, we shall open your screen. Considering that some of the panelists, they are remotely, if you find any instability and if it happens, this may impact on the response answer. Mostly on the Q&A session, we count on your comprehension. We highlight that this presentation and any statements that can be done on this conference during the projections and goals, operational goals of this company, they are based on beliefs and premises of the company, such as information that is updated each day. Future statements are not proof of performance.
They go through uncertainties, risks, and predicaments of what may happen. This may happen or not. Investors may comprehend that economic situation, market situations, and any other operational factors may affect the future as well. About the results that may happen here, in such considerable future considerations, this can happen as well. Now I'd like to pass the word to Maurício Botelho, CFO of the company, to start the presentation. Maurício, please proceed.
Thank you, operator. Good afternoon to all. I appreciate the presence of all of you on this Q3 of 2022 earnings presentation. That will be also our public meeting with investors to update about Energisa's businesses. Participating in this event, Ricardo Botelho, CEO of Grupo Energisa, Fernando Maia, Vice President of Regulation, Gioreli de Sousa Filho, Network Vice President, Roberta Godoi, Energisa's Vice President, Gabriel Mussi, Transmission Generation Director, Milton dos Santos, Revenue Protection Director, Antonio Tovar, Corporate Finance Director, Rodrigo Santana, Regulatory Affairs and Strategy Director, and Investor Relations team.
Starting our presentation, first, I kindly ask that you look into slide number two, important warning, before taking any investment actions on the company. Going forward, I share with you the agenda of this meeting that will bring the results of the Q3 , and next, we will start the public meeting where we will tell about some aspects of the distribution segments, transmission, generation, and Energisa. After the closing remarks, we will open for the Q&A. Starting the presentation of the results this quarter, we had important highlights that they're gonna be exhibited. First, in decentralized solar generation, we've entered the operation of the Heliópolis one and two , located in Paraíba, with 70 MW peak capacity.
In the transmission segment, we signed on September 30, the concession contract of Energisa Amazonas Transmissora II, acquired on an auction in June this year and with CapEx estimated by ANEEL of BRL 209.8 million. At Energisa, we highlight the BRL 213 million of investments done in distributed generation, reaching a mark of 131.4 MW peak of potency sold and 40 photovoltaic units connected. On distribution, we keep improving our operational indicators, and Energisa Rondônia presented the best DEC/FEC of the concession history. Adding on this quarter's important highlight, the improvement of capital of BRL 738 million by virtue of the exercise. Almost fully by the BNDES, with the subscription bonus that expired on August 15.
This acquisition structure, after explanation, we can check on the next slide. With this movement, as they already had a small shareholding, obtained 11.4% of total capital of the company, being currently the third largest shareholder of Energisa. Next slide, please. In this quarter, we adapted the definition of adjusted EBITDA in a way to be aligned with the definitions most common with the sell-side analysts, what they use. The definition of adjusted EBITDA is the conventional EBITDA excluding the accounting record of the VNR in the distribution segment, also excluding the statutory record in the transmission segment and including the regulatory EBITDA of the transmission segment. That was what was called before adjusted EBITDA and was used by covenants. We are now calling it adjusted Covenants EBITDA in this presentation and in our results release.
Going back to analysis, comparing between the quarters, the adjusted EBITDA increased 11.1% and reached BRL 1.7 billion in the Q3 this year. Summing up the last nine months, the adjusted EBITDA increased 15.8% and reached BRL 4.6 billion. It's important to highlight that due to negative inflation, represented distribution VNR in the amount of BRL 114.3 million against the positive amount of BRL 214.7 million on the Q3 of 2021. This meaning a variation smaller than BRL 329 million comparing the quarters. Obviously, such effect reflected on the net income on the period that we explain later on.
The nine months this year, the main point is a direct increment of BRL 623 million on the adjusted EBITDA. There was in the distribution segment that contributed with 149 million reais already within this period. Another factor that helped on the performance was the discipline on the operational cost of the PMSO that we'll detail now. Please, next slide. As you can see, on this quarter, the PMSO was reduced by 1.9% and reached 671 million reais and had a growth in nine months of 1.7% and got a total of BRL 1.98 billion reais this period. We managed to keep the discipline last quarter on the growth inflation. That on this quarter was closed with the annual amount of 7.17%.
On slide nine, we present the adjusted net profit that excludes the distribution VNR, excludes the social net profit of transmission, and includes the regulatory net profit transmissions, while also adjusted to the effects of the mark-to-market of derivatives, such as the subscription bonds. On the Q3 of 2022, adjusted net profit was BRL 391 million against BRL 570 million registered on the Q3 of 2021. Obviously, the brutal difference of the interest rates between the quarters, such as marking to the market of the bonds, which increasingly more than just five increased operational expenses and the drop in the results. On the next slide, we show the intense rhythm of investments of the group in 2022.
Being guided mainly by the five distributors that will be on the territory in 2023, EMT, EMS, and ESP in April 2023, and EAC and ERO in December 2023. The remuneration bases of the first three close in October, and the ones in Acre and Rondônia will close six months before the review. It will happen June 2023. It's important to highlight as well the relevance of the transmission segments that invested BRL 457 million until September, and Energisa that invested BRL 468 million in the same period. Despite the high level investments, the group got an increase in 2.8x . The net debt adjusted EBITDA, same level shown in June 2022 in the last quarter.
The subscription bonus of Energisa represented an income of BRL 170 million, and a reduction of the debt level in 0.3x . As the subscription bond is starting on September 23, we won't have any more of those options available, which is to bring volatility to the results. We end here the highlights of the Q3 and the nine months of this year. We will now start the presentation of performance of the main business fronts. Before we start, a couple of minutes. We have a diversified portfolio. A lot of markets, a lot of wide market, business fronts and geographic scope, both important to maintain the balance and stability of the group. We have today 12 transmission concessions after the incorporation of the Gemini assets.
40 solar generation power plants distributed with a capacity of 131.4 MW peak of performance. Two solar generation power plants with a capacity of 7 MW peak capacity and 11 distribution concessions from seven service companies. Our ecosystem of energy solutions is present in almost each state in the resident territory. Discounting the distributors, the energies, the many transmission and generation businesses as well. I'd like to pass the speech to Gioreli , Network Vice President, that will be able to tell us a bit more about the performance of the distribution segment. Please, go ahead.
Good afternoon, Maurício. Thank you. Good afternoon to all. It's a pleasure to be able to tell you guys a bit about the performance of the distribution segment, one of the pillars of Grupo Energisa. Please go to the next slide. We have a vision in here, as Maurício mentioned previously. We have today 11 distributors that support 20 million people in 862 cities in all the regions of the country.
The geographic diversity and the capillarity of the group allow us to keep a rhythm of growth. Market even during the pandemic, while the consumptions decreased 1.2%. As we compare with the country, in the last months, we had a growth of 2%, while the country grew 1.3%. In the last 10 years, we had a growth of 1.7% above the average. We go to slide 16. We present the opening of the market, we build the companies. We have the recovery of the industry. We have the growth above average.
When compared to the pre-pandemic consumption, growth of 7.8%, with the highlights on the food segment. The business had a growth as well, the biggest, the highest growth rate in eight years, 5.2% comparing against September 2021. The public power presented the highest increase in the quarter. It's almost 18%. The retraction of the rural segment can be explained by the reclassification of the customer in class, of the other class because of the REN 901 by ANEEL. If you take this aspect off, the decrease would be 2.5%, explaining basically by the rainy weather and its negative impact caused by distribution and generation.
On the chart on your right, it's worth mentioning the performance of the north distributors by Energisa Tocantins, Energisa Acre, and Energisa Rondônia, who had this boost mainly by the residential and public power segments. Rondônia registered the highest number in eight years, 6.9%. Minas e Triângulo , they had a small decrease pulled by the industry segment due to stopping of important clients and the concession in industry have met a slowdown areas in the area. Slide 17. We have a view of the loss. By this last quarter, we are improving as well. The total consolidated energy losses in September represented 12.5% of untethered energy. In the last two years, the total loss reduction was of 218 GW power in this aspect.
These results are possible due to the high volume of investments, allocating the resources and the use of technology. Then naturally, we turn this into investments. It was a lot more certain. When we compare this, comparing to the regulatory campaigns, we have a number of 0.71 percentage points, the best historical performance. It shows the recovery losses that we have on the companies that we acquired in 2018. Going to the next slide. We'll talk about the DEC/FEC. Under developers and distributors of the group, they keep an excellent performance in the quarters. We are presenting numbers below the limits in all concessions.
In 2023, we have new challenges due to higher standards of regulation with a lot of precision to be prepared to keep providing a service of excellence acknowledged by the client. Then we have a really good result about this. As we mentioned, a combined investment that we have comparing with the Mauricio commented with us before. We have a growth, a really good growth in the last years. Basically, we've invested over BRL 3.5 billion, surpassing more than 64% investment volume in the same period in 2021. In this period of five years, we had a growth of the RAB of 49%. We can compare this. When you look at this, it's a lot about 10 percentage points, as we can check.
The fruit of combination factors of a great performance, a great administration. A great level and a combination of the accounting results, yes, with the regulatory conditions. Because the losses, they must be minimized, and they should reflect on the regulations as well. It's awesome. On the next slide, we can show a bit more on what happened with Acre. This year we complete four years of the acquisition of Energisa Acre, and we've invested more than BRL 1 billion in this. There's some great numbers to show that here. We have more than 200 kilometers of high tension cables and increased the capacity in more than 90.5 MVA. By the end of 2022, we will deliver a total of five new substations and four modernizations of the existing substations. All of this being okay with the environmental regulations.
Concern and focus with our ESG goals. We plan to do until 2024, a total of five communities. This will be benefiting 67,000 customers with clean and quality energy, avoiding 160,000 tons of CO2 per year. We have some losses in Minas Gerais and Acre. Yes, with the decreasing results. 18% reduction compared to 2019. We are below the regulatory as well. When we compare the DEC/FEC, it's a bit the improvements a bit consistent. A really strong way to work and with all the results, the methodology that we have available, allocating capital and managing the concessions and being a little bit more direct. We have the reduction of complaints of 65%. In four years, it was really great for us.
I'd like to talk about Energisa Rondônia as well. The story could be different. We invest more than BRL 2.5 billion, more than over 1,000 kilometers of high-tension cables. 36 with a lot of modernization of the companies. With more than 500 MVA of difference. We're now concluding by the end of 2022 the thirteenth thermoelectric power plant in Rondônia, which is gonna be bringing to the overall. By the way, emissions are decreasing by over 300,000 tons of CO2 per year. If we talk about this investment as well, it's a big challenge. We talk about the numbers and the challenges about the previous company as well. We were appreciated as well in Rondônia. Which made us really happy with this award by Rondônia. Please, next slide.
By talking quality of our results as well and losses. We're being really consistent on reducing this number. We are almost beyond the regulatory level. We've almost reaching these numbers, and we believe that soon we'll be able to reach this number. About DEC/FEC as well. Another reason to be proud about this version as well, about the quality as well, the numbers. In four years, we decrease more than 55% of the duration on the interruption as well, and the frequency on the interruptions as well. It reached even before we expected this as well. It must highlight as well the reduction of 83% on the complaint as well. Concluding, yeah. A lot of dedication as well. We were acknowledged by Abradee this year as a great company, a highlight company. We've won nine of five categories.
These categories as well. With highlight as well, with the best company to work with Minas Gerais on that category below 500,000 employees. Paraíba as well, above 500,000 employees. That's what I'd like to explain. On this brief explanation of the distribution as well. I'd like to give the word back to Gabriel Mussi. Transmission.
Thank you, Gioreli de Sousa Filho. Good afternoon to all of you. I'm really happy to be part of this program team as well. I'm talking about the transmission segment, which is expanding and has become relevant at Energisa this year. Going to slide 26. We highlight the growth of transmission until 2022. We start with two concessions, and now we have 12 concessions in the group. With the growth from almost 10x from BRL 83 million- BRL 781 million.
Who contributed from this a lot in this year was the acquisition of Gemini Energy, which added BRL 412 million of revenue to our portfolio, and shows the company capacity to find success in the market opportunities that mainly about the not so obvious, yes, with these assets as well. They have three concessions available that increase this portfolio as well. Moving to the next slide. We detail this portfolio as well. We have seven concessions available here, with BRL 509. Five concessions available under construction that are gonna be detailed further below here, with the status as well and how it behaves as well. With almost BRL 80 million of revenue. We have a projection. About this projection as well, in these 14 months, we have three parts that may be working.
They're gonna be operating in different times, different periods, but revenues together linked between this. They're gonna be starting in November, the first one, and until January, we're gonna be starting all the three points. The first one, 16 months before what was expected. The first one has 37% of the total revenue of the project. The second one, 37.4%, and the third, 25.6%. Energisa Amazonas, just to remind you guys, about this enterprise that we won, and they had some holds that were already available. They have 30% of this revenue available. Some of these amounts that are being held by Energisa since this time.
Some of them that we had to evolve then, and we have this until March 2026, over this 18 months, such as the spark and new investments as well. Such as Tocantins, Amapá and Amazonas, they're working well. Everything working as planned, aligned with the ESG. On the next slide. In September this year, we've energized the photovoltaic park plants, Jurubaíba one and two, and we're generating this energy in the group. The project contain 70 MW peak of capacity, 100% solar energy, and is being connected with the customers until 2027, 100% with the customers. And it has a reduction of 15,000 tons a year. And it has the I-REC global certificate, which gives value to each MW generated and shows its origin of renewable source as well, yes.
It was an enterprise that we allocated BRL 307 million, and we could anticipate one month just before starting this. It's fully operational right now, since September. Energisa operates this enterprise with all our enterprises. It works operating and maintenance, and with the market as well. Now I'm gonna be giving the word to Roberta Godoi, and she's gonna be speaking this with the group.
Good afternoon to all, and everybody that's with us here in this meeting. Completing about our ecosystem, I'm gonna be talking about (re)energisa. (re)energisa, it's a brand of Energisa Group that works with photovoltaic energy, solar energy, but working with the market, with the free market, and talking about aggregated values.
All of this on one platform in a one-stop shop. We work as a reference as a distribution on this, and we work with the 4D energy. We want our main goal is to support the customer on its journey to attend the opportunity and demands related to energy. Every kind of energy available, working all of them together with all the technology, all of this available. With this, of course, delivering our image of being the main character, being connecting companies and people and customers trying to build a more sustainable world. On the next slide. We'd like to talk about insertion of energies on this situation. We insert on these numbers as well. On March 2022, when we had an interesting exception on the situation and on national results as well.
We had some big events and reached all the markets that we have businesses here. This launch, it was available, and it continued until the last quarter when we started with the generated distribution in Mato Grosso as well. Now talking about the businesses specifically, please, you can go to the next slide. About the distribution, we must highlight that the law 14,300 that reassured us in what we should do, and it was the race for the sun. This chart shows the effect of the law, about the exponential growth that we've been facing on the solar creation, solar generation. Also about the centralized generation and decentralized generation. The blue one is the central. We had a growth from January until September, 41% in all Brazil.
A great number about energies on this period, already counting our power plants that we've connected on these last few days after the end of the Q3 . We had a growth of 123% growth, as we see on the slide. This growth, it's aligned with what is predicted, which shows some urgency to work this. About the vacancy, this right, it applies to the enterprises. It's gonna end January 6, 2023. About this aspect, I might tell you guys about Energisa. We already have more than 400 MW peak in projects, in submitted requests. We should guarantee this future growth. We must remind as well all the requests as well as the enterprises that are already operating.
January 6, 2023, they have this right assured about all the credits. You can please go to the next slide. On the Assinatura Solar situation, talking about our flagship. It has its name on a process that that's the way of that Energisa works, of talking with the customers, understanding what's the best way to work, what makes sense to be offered to them, the products as well. Now the Assinatura Solar shows up. It's our flagship, and it's how it was baptized for us, for Assinatura Solar as well. It's gonna be working with companies, all the companies, micro, small, and medium companies as well. It delivers as its benefits. It's a clean source energy without any installment fees. They don't have to pay anything to have these benefits.
It gives them a benefit on the electric bills, energy bills. You don't have like a physical place available, any investment, nothing. They just should want to have it. Based on this context, we are gonna be showing our numbers and show what's gonna be interesting, important to these moments. We are ending that moment with 59.8 peak capacity installed, and as we talked, and we have 131.4. This is the growth of 223% that we quoted on the previous slide, and we desire that. Have that. We wanna have this increase by the end of the year. We hope to achieve 193 peak watts, as you can see on the slide. We have 40 power plants installed, most of them populated.
100% sold, most of them. This group of 40 power plants. They had, we have this goal and we emit less than 91,000 CO2 per year, and it's aligned with our ESG goals that we have. This is gonna be able, what we work, what we aim to be working with this. It is all connected as well. We have 22 power plants ready or under construction. We have this, on these 22 power plants, a peak of 92.7 MW peak. They are ready with connections on a short notice. It's we believe it's good to be showing this right now. What's our main difference compared to the other companies? We have, like some margin to work, both generation, both delivering the credit as well.
We can cover all of this because we own all of our goods, our companies, our. We have like a high standard, a high pattern to give to all of them. We have a higher standard, higher results, higher products. We can work with this, making our customers to be loyal to us, to be with us. We have around 2,083 thousand customers in our bases. We added like 32% with these numbers as well, these customers. Already connecting the distributed generation, and we're gonna talk about a free market as well in our strategy. It's not only acting, it's not all about selling the one-stop shop work. The way we think as well, it's always connecting these two topics as well.
They must be linked in our strategy to work as a whole. We're gonna be showing right here that it's connected, it's all together, and we support the low tension, the companies, most of the companies, and the high tension energy. We work with the open market as well. We have both products, all of them available. What is important to highlight on this slide as well. To be working with this open market, we have now the Portaria 50 that allow the clients from Group A to be open to migrate to the open market. With our experience, we are ready to do this movement, to this trade. It's gonna be able to work right now by November and January of 2024.
We are ready, we are safe, we are sure that we're gonna be working on this area with success as well. To work on this market as well, in the Portaria 50, we can't lose this opportunity. We have a solid company to support all the customers that we have. The current scenario is challenging because of the low prices, because of the recovery of the reservoirs, the expansion of the energy, the structure as well, and on this context. We signed some relevant contracts with some clients, long-term contracts that's gonna be working until the end of 2023, and they give some value to 2023. We have 40 new contracts between three and five years, and we have some contracts of 10 years as well.
We've improved our risk policy as well, working to capture some value on these trades as well, making the sales to the customers at the end. They're gonna be working. We had 2,040 C operations until today. The company, we've commercialized 3,292 GW. Heliópolis one and two, they were the highlights. 100% sold until 2027. This is a lot of customers, many diversified customers. We have 141 active clients, and we are building a satisfactory performance, and we are really optimistic to go to the next steps as well. Please go to the next slide. On this slide, to compose our initiatives, I'm gonna be quickly here with some information about our services that we have with added value as well.
We expanded our portfolio. This year especially, as you can see on the report, we had a growth, a really important growth of more than 80% and because of a lot of projects that we signed. Most of them are O&M and on its many branches available, transmission, hydroelectric, solar, eolic as well. We have some updates on micro nets as well. We won a prize, I would like to tell you guys. We won a prize of solar and maintenance. United Kingdom company group, they used our case and we were the winner in 2022, and it brings us great pride of what we did. We have a really robust portfolio to work with this and keep developing on our growth. I'm gonna be available for Q&A.
Okay, we are reaching the end here. But first, I'd like to have some final remarks here before we start the Q&A. I'm gonna be going to the next slide. On this slide, I'd like to highlight on the 117 years of Energisa's history. We've learned to evolve with the market, refining our vision to look at each moment of our history, what the best decisions should be done, and always aiming to anticipate changes.
That's what I try to explain on this slide, showing some of the main milestones that we have on this 100-year company. As an example, the growth of almost 10x the revenue in the last 10 years. Please, next slide. We don't like to stall and wait for the market to lead us. We want the main role in energy transition with solutions to our clients. On board with our platform, we are ready to hold to our opportunities for growth, betting on sustainable growth, following the ESG concepts. I finish here. Well, I'm gonna be passing to the Q&A. I ask for the operator to start the Q&A.
Now, we're gonna be starting the Q&A session. We ask kindly that you can do all your questions at once, waiting for the answer of the company. We ask you guys that you can make your questions via the Q&A icon located at the bottom area of the screen. By Dynamics, your name will be announced that you can ask your question live. At this moment, a request to activate your microphone will appear on your screen. Please wait while we collect our questions. Here comes our first question. It comes from Maria Carolina Carneiro, Sell-Side Analyst from Credit Suisse. Maria, we are now gonna be opening your audio so that you can ask your question live. Maria, please go ahead.
Hi, guys. Good afternoon. How are you? I have two questions for you guys. First one is about the capital allocation and growth. You all guys are talking about a lot of projects of generation and a lot of transmission as well. What's your hunger about the transmission segments and the auction that we're gonna be having in December? And another segment as well about Goiás. If you have another company that ANEEL is working with Eletrobras as well to try to find a solution because of Amazonas Energia.
I'd like to know if this company is interesting to Energisa, and if you guys are gonna be looking this to the market. Another point about GD, and a lot of companies they felt on their demands, on their loads being reduced. I'd like to know if Energisa, if the total of the consumption as well with the GDs, if it's relevant. About Energisa as well, about the projects of GD as well, if you felt the increase in 2022, about the increase of the demands. Thank you.
Good afternoon, Carolina. Okay, I'm gonna be splitting the answer. I'm gonna be starting about the auction, about transmission. It's a small auction, but we are analyzing always where we're gonna be having any advantage, competitive advantages searching for our discipline, because we are always repeating here about participation on these auctions, and we are evaluating this. About Amazonas Energia, we are not interested in Amazonas Energia as well. Right now, we are not interested in it. It's a challenge, a relevant. We are aiming for relevant challenges. We are always looking for the opportunities, the return, risk. About GD, I'm gonna be asking here Gioreli . Gioreli, please.
Good afternoon, Carolina. How are you? Okay. Really, GD really has been having an exponential growth of GD on the presentation as well. Looking at the group here, we can look about representation about 6% on media, on the required energy.
Okay, Carolina, thanks for your question about the demands as well. The race for the sun, it works with the requests, with the access requests, about the amount of enterprises being connected, and also about with part of the demands and with the customers as well. Because each time they have with this dynamics, they wanna know more. They're being interested more with this. Of course, because of the energy is gonna be renewable, it's a clean source and the economy of course. It's growth that's gonna be happening. Thank you. Thanks for your question.
Thanks for the answer. Sorry. Bye-bye.
We are going to the next question now. It's from Guilherme Lima, Sell-side analyst from Santander. Guilherme, we are gonna be opening your audio, so you can ask your question live. Guilherme, please go ahead.
Good afternoon, guys. Thanks for the question. I have one question. I'd like to know if you guys could comment about this. If you guys have any news about the sale of the participation of the BNDES in the company, and if you guys could comment on the offer, if BNDES wants to do this. It could be interesting allocation of capital. I had a question about the auction. If you talk about the margin auctions with the company in the energy sector.
Okay, I'm gonna be trying to split again the question, yeah. About the BNDES. As I mentioned, BNDES, they had the bond subscription. They wanted it. What I can tell here, this participation of 11.3%, it's on the list, on the priority list for alienation. We can't be sure about what's gonna be happening or how much or how the bank has control of this. We are managing this, but we don't have full control of this. If they're gonna be selling this, I don't see the If BNDES is selling this, I don't see Energisa being able to participate in this. I believe it's better to make this stock holdings available to the market. To increase the value of the paper. Yeah. You asked about the auction. I'm gonna be thinking here. Fernando Maia.
Okay. The ministry, they opened an auction about this, these margins, and it's at a preliminary stage, and some contributions are gonna be happening as well. We don't have an opinion on this right now, but it's a way of solving some issues on some regions of the country. Yeah.
Thank you, guys.
Our next question comes from Daniel Almeida, buy-side analyst. Daniel, we're gonna be opening your audio so that you can ask your question live. Daniel, please go ahead.
Good afternoon, guys. Due to the possibility to open the market of low tension between 2026 and 2028, I'd like to understand how the role will be changed between the distributors and the residents and rural going to the free market. This is being discussed as well on this program. How it's gonna be opening on the low tension. It has a series of decisions that must be taken together to distribute this impact.
On the point of view of the role of the company, being a network that connects all of these resources, these energy resources with the customers, this role will be reinforced, and this won't affect the revenue, the regular revenue of the distributor. The other part of the distributor is gonna be the portfolio of this buy and sell of the energy. It's gonna be suffering a loss from the open market, but it's gonna be regulated that this won't only fall on the customers, regulated customers.
Thank you.
Reminding that to ask a question, we ask that the questions may be sent via the Q&A icon located at the bottom area of your screen. By dynamics, your names will be announced so that you can ask your question live.
Operator, if you don't have any more questions, I'd like to thank you guys with your presence here today. I believe we'd like to dedicate a good afternoon to all of you. We end here the earnings conference call referring to the Q3 of 2022 and public meeting with analysts from Energisa. The investor relations department is available to answer any doubts that you guys have. Thank you for all the participants, and have a great afternoon.