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Source: http://www.broadcast.com.br/
A EDP, the electricity distributor in the states of São Paulo and Espírito Santo, is the first company in the country's electricity sector to include its customers' names in the Positive Register. With this pioneering initiative, 21.5% of the utility's customers who were not already on the register are now visible on the credit market. These customers were not included in the databases previously sent by national financial institutions, the sources of the first wave of the Positive Register.
This inclusion in the Positive Registry allows customers who are in good standing to have new purchasing opportunities and to be seen by the country's credit system. EDP complies with the Positive Registry Law and shares its customers' payment history with credit bureaus.
For Wagner Ferreira, Institutional and Legal Director of the Brazilian Association of Electricity Distributors (Abradee), the inclusion of these consumers in the credit system based on the positive registration benefits society as a whole and generates prosperity for people's lives and businesses, mainly favoring the population that is not in the sights of the country's credit institutions. Energy consumers now have a fundamental link to their citizenship based on their relationship with the energy distributor. EDP's leading role in the electricity sector in terms of positive registration is the certainty that thousands of consumers will have one more reason to have a virtuous relationship with their distributor.
The National Association of Credit Bureaus (ANBC), which represents the managers of the Cadastro Positivo database, highlights EDP's pioneering role as the source of the Cadastro Positivo in the energy sector and its social function of financial inclusion.
What is the Positive Registry?
It is a database with information on credit and financial obligations paid off or in progress by individuals and companies. It was instituted by federal law in 2011 and underwent some changes in 2019, making it automatic to enter defaulting customers in the Positive Register.
What is the Positive Register for?
This register brings together the consumer's credit history and that of companies such as financing, credit cards, loans from banks, businesses or telephone, electricity and water bills. The Cadastro Positivo allows consumers to be identified as good payers - even if they don't have a proven income - and to obtain new credit with lower interest rates on loans and financing. It works like this: companies can offer less interest to consumers who pay their bills on time.
Since July 2019, the model of automatic adhesion to the Positive Registry has benefited 22.1 million people. This number tends to increase with the entry of the energy, sanitation and gas sectors.
