ENRE, the electricity regulatory body, has resolved to start from June 1 –six months before Alberto Fernández leaves power… with the process of Full rate review (RTI) for the period 2024-2028 of the public electricity distribution and transport service, with resolutions 363/2023 and 364/2023 published today in the Official Gazette.
In the case of distribution, the measure concerns companies Edenor and Edesurand in transportation, a transenerTransnoa, Transnea, Transba, Transpa, Distrocuyo, Transco and EPEN.
ENRE highlighted in a statement that in this process “the new service quality parameters for the next five years will be determined”, and underlined that “fares will not increase for the remainder of 2023.”
The next rate increase is scheduled for May and will affect the highest income groups and those who have not asked to maintain benefits. The increase will be around 60%, as indicated by the Ministry of Energy.
This increase will be all over the country and will concern the so-called “N1 families”, which number more than 4.5 million and will have to pay the entire cost of electricity. The complete review, on the other hand, concerns only the distribution companies of the metropolitan area.
within 30 days, ENRE must prepare the guidelines and the timetable for the process, during which public hearings will be convened to evaluate the proposals of the companies and listen to the opinions of all sectors.
ENRE will carry out the technical-economic analysis and evaluation which will allow for the definition the quality of service parameters, the adaptations of the procedures and regulations in force, and the investments that the concessionary companies will have to make in the period 2024-2028.
On this new RTI, Walter Martello, controller of the organization, highlighted the importance of the definition “new quality criteria through a mechanism open to society”.
This request, he assured, “is indispensable for preparing an investment plan capable of guaranteeing an effective improvement in public electricity distribution and transmission services.
The electricity sector has come under the eye of the storm after the cuts that took place in the summer and the government’s decision to intervene Edesur, the Italian Enel company, whose concession area had been most affected by the lack of service.
On Monday, Economy Minister Sergio Massa and distributor controller Jorge Ferraresi announced a plan of works that the company will carry out in all the municipalities in its concession area, south of the metropolitan area.
The amount that will be allocated will be 7,000 million dollars, funds that will come from 37% of what is charged in the rates. That money will come from what is collected from customers through invoices.
Source: Clarin
