In these hours the Government has taken central decisions in this regard electricity and gas tariffs. On the one hand, it resolved a increase in electricity for users of the Buenos Aires Metropolitan Area (AMBA), customers of Edenor and Edesur; also defined as a mechanism of from May the indexation which will take into account wages and inflation; and, on the other hand, it delayed the increase in gas again.
Through the resolutions 101/2024 and 102/2024 of the National Agency for the Regulation of Electricity Energy (ENRE)to which he agreed Clarionwill be transferred to the AMBA rates of homes, businesses, industrial SMEs and other users like it hospitals, schools and buildings THE removal of subsidies to the price of energy at a national level. This increase had been foreseen by the Ministry of Energy.
But you will also pay for an increase in the revenues of the companies that provide the public service. distribution electrical in the AMBA.
How much light increases
The sources consulted are finalizing the adjustment of the accounts to understand the impact on the bills of each type of consumer, even if in different cases it will be higher than 400% in non-residential users.
For families, however, as indicated by the Ministry of Energy, “considering an average consumption of 380 KV/h per month, in the case of N1 users (high income, without subsidies), A bill of $13,900 will now pay $34,332which represents an increase of 150%.”
“In the case of N2 users (those with the lowest income), with the same level of consumption and period, the price will go from 4,360 dollars to 7,415 dollars, which represents a 70% upgrade.; and in the case of N3 (average income), it will go from 4,783 dollars to 7,850 dollars, equivalent to a difference of 65%.
The resolutions were signed this Thursday and will be published in Official bulletin In short. Since then, the increase in AMBA will remain stable. Meanwhile, for the rest of the country, due to the removal of subsidies, each jurisdiction will determine when they come into effect.
Companies were being notified at this time and will have to submit a investment plan in which to allocate at least 25% of the income they will recognize and which must be oriented improvement of electrical infrastructure“prioritizing network security, system reliability and quality of service”.
In addition to the increases, a salient feature of the resolutions is that they establish a monthly indexation mechanism for electricity tariffs for the portion corresponding to the Added Value Distribution (VAD), which represents approximately 40% of the final AMBA vote.
will begin to govern in May and will be composed of 55% of the Index Wages; by 25% from the internal wholesale price index (IPIM) –wholesale inflation-; and 20% from the consumer price index (CPI) –retail inflation-.
That means it will be there the light increases every monthbut it will largely be linked to the adjustment of wages, which are well behind the rest of prices.
Increase in gas
The Government has decided on gas keep putting it off the increase in tariffs so as not to overload the inflation in the first months of the year and show a path of decelerationsince the Minister of Economy believes that there is now, Luis Caputo.
THE resolution 52/2024 of the National Gas Regulatory Body (Enargas)signed last week and published this Thursday in the Official Journal, it establishes a maximum period of 30 working days -AS maximum April 1st – for the “approval of “transitional tariffs”which will recognize greater revenues for natural gas transporters and distributors across the networks.
Meanwhile the supervisory body It will take up to 90 business days to study a monthly update policy, which might be similar to that of light, but yeah at a national level and not only for the City and Greater Buenos Aires.
The Government had everything ready to start with a strong reduction in gas subsidies and increases for businesses as early as February, but it recalculated the accounts and started with electricity.
The next Thursday 29 February will be carried out public public to discuss the new segmentation of tariffs and subsidiesand the Basic energy basketwhich will take into consideration the income level of each “cohabiting group”.
This hearing will function as a judicial protection mechanism for the Government, to proceed as gradually as possible and avoid the Justice blocking the rate increase, as happened to Mauricio Macri and Juan José Aranguren in 2016.
He agreement with the International Monetary Fund (IMF) provides for a reduction in subsidies equal to 0.8 percentage points of gross domestic product (GDP) in 2024 – from 2.1% to 1.3% -, of which 0.5 points through energy – from 1, 6% to 1.1% -. Much of this objective could be achieved with a reduction in gas imports thanks to the operation of the President Néstor Kirchner Gasduct (GPNK) of Vaca Muertathe decline in international energy prices, the greater contribution of low-cost hydroelectric plants due to rainsand another part, with the increase in tariffs.
Source: Clarin
