The story
Edenor was established on July 21, 1992, as part of the broader privatization of Servicios Eléctricos del Gran Buenos Aires S.A. (SEGBA), a state-owned entity responsible for electricity distribution in Buenos Aires. SEGBA was split into three distribution companies—Edenor, Edesur, and Edelap—as well as several generation companies. This restructuring was intended to promote competition and efficiency in the sector.
EDF International S.A., was among the international investors that acquired a controlling interest in Edenor through an Argentine holding company named EASA. The concession agreement granted to Edenor was set for 95 years, lasting until 2087. By September 1992, EASA had secured a majority shareholding in the company.
In the early 1990s, Edenor faced significant challenges, particularly with electricity theft, which was rampant in certain areas, especially in shantytowns. The company attempted to mitigate these losses by installing automatic circuit breakers to regulate power usage. However, community and political activists put up opposition, resulting in compromises that allowed people to continue using electricity while trying to limit usage of high-energy appliances.
The 2000s were a period of significant change for Edenor. During this decade, ownership of the company changed hands several times. In 2002, EDF sold a majority stake to the Dolphin Group, which later became part of the Grupo Emes. This group eventually integrated Edenor into Pampa Energía S.A., a major player in Argentina's energy sector.
In the 2010s, Edenor responded to regulation changes and tried to modernize its operations. The Argentine government implemented a Comprehensive Tariff Review in 2017, adjusting electricity rates to reflect operational costs more accurately. This process included public hearings and aimed to address the financial instability of the sector, which had been affected by currency devaluation and inflation.
Edenor also embraced digital transformation during this period, launching the Edenor Digital platform in 2017. This platform, accessible via a website and mobile application, enabled customers to manage their accounts, view and pay bills, and monitor electricity consumption online. The company's modernization efforts also extended to sustainability, as Edenor adopted the United Nations Sustainable Development Goals in 2017 and began piloting renewable energy initiatives.
From Wikipedia’s article on Edenor, shared under CC BY-SA 4.0.8