Electricity, gas, rents and school fees: one by one, the whole of September increases

With September come new increases which will fully affect the pockets of the Argentines. In principle, the removal of subsidies should start to apply in the electricity, gas and water rates. Also, there will be odds increases for private schools in the province of Buenos Aires; the value of the rents to be renewed; and the increase in the metro ticket.

With monthly inflation steady, 6.7% in March and 7.4% in July, analysts already rule out that August data could drop and approach 5%. therefore, the rate foreseen for the whole year amounts to 90%.

In this sense, next month’s hikes add even more pressure. then one by one, which uploads are scheduled for the ninth month of the year.

Electricity, gas and water rates

It is estimated that the removal of subsidies to energy and gas tariffs will begin to take effect, even if the new tariffs have not yet been implemented to date. In this way, the distribution companies themselves anticipate that there may be delays in billing.

But if, as expected, the benefit cut starts in September, who is at level 1 (who will pay the full rate) and someone at level 3 (it will depend on whether or not to withhold the benefit) will undergo some adjustments in the ballot papers. In the case of electricity and gas. The increase will not be total as the state aid will be withdrawn in three stages, unlike the water which will be immediately removed from the grant.

The elimination of benefits will depend on the income level of the household and will take place in three phases: 20% in September, 40% in November and, the last, 40% in January 2023.

The increases are differentiated according to the services. for the lightif the consumption exceeds 400 kWh per month, while maintaining the subsidy, the full rate will be paid

According to an exercise done by Edesur, on a bill of $ 1,467 in August, the fare will cost $ 2,285 in September. A jump of $ 818 in a month or, seen otherwise, 55.7%.

In the case of gas, the increase will be paid according to the three levels of users. Those who are at level 1 will have a bimonthly increase, which will be approximately $ 500 per pass. And in the third tier the increase is $ 165, with a cumulative of $ 500.

For those who lose state aid in the case of gas, according to the estimates of the consultancy company EcoGo, the increases will reach 88.2%at the end of the gradual process envisaged by the Government.

For the case of water we will have to wait for the removal of subsidies in November. This was stated at a press conference by Malena Galmarini, president of AYSA.

The removal will also be gradual depending on the address where the service is received (high, medium and low zonal coefficient). The increases are estimated to reach 152% by March 2023.

Rentals

Like every month, for tenants whose rent must be renewed in September, they will have to face a new annual adjustment. The increase is calculated on the basis of the Lease Contract Contract Index (ICL) published by the Central Bank.

In this way, for a contract that started in September 2021, an annual update of 64.6% will have to be applied. If then a tenant pays monthly $ 50,000 a month will pay off about $ 82,300 in the year. It should be noted that the total increase does not take place at the beginning of the contract, but a monthly, bi-monthly or six-monthly increase is implemented.

Days ago, the Unique College of Real Estate Brokers of the City of Buenos Aires (CUCICBA) pointed out that the political discussion on the rent law “is totally paralyzed”. “The meetings have not been resumed and for the moment the problem continues off the agenda,” they explained.

Along the same lines, they also warned that the offer it is going through critical momentssince, depending on the neighborhoods and areas, we can say that the number of properties rent was reduced by almost 45% compared to pre-pandemic levels.

To calculate what increase a rent will receive, there are several calculators. Just enter in the search engine: calculate the rent increase, to find different options.

university fees

The governor of Buenos Aires Axel Kicillof is established an increase in the fees of state-subsidized private schools. is 9% and it is part of the increase that was arranged months ago and which accumulates 25%.

subway

The subway ticket will also be increased. At the end of the month, already at the beginning of September, the changeover will cost $ 42, Therefore, the State of Buenos Aires, according to official calculations, will increase from 86% to 78% of subsidies for the operation of the service. The Premetro value will be updated at the same time and will be worth $ 15.

“Exploitation costs have increased by 159% since April 2021, when the last update was made,” said Mauro Alabuenas, president of the state-owned company Subterráneos de Buenos Aires (SBASE) at the hearing held last Friday. Furthermore, he assured that the occupancy level is at 71% and that, despite the fact that passenger recovery is sustained, there is also evidence that it can “plateau”.

The SUBE network discount and frequent flyer benefit will continue to apply.

Prepaid

According to the Superintendence of Health Services, in October alone the expenses for private medicine will increase by 11.53%. This represents the eighth quota increase so far this year.

Prepaid affiliates will begin receiving notification of the increase in the next few days.

YN