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Gas rates: the Government defines the increases this week

2024-03-13T11:14:10.584Z

Highlights: The increases could exceed 700% if it is decided to transfer all the delays they accumulate. In December, households paid just 17% of the real cost of gas supply (70 cents per million BTU over US$4.10) If a total reduction of subsidies were advanced, rates would be multiplied by at least 6 times. In the private sector, they trust that the increase will begin to take effect from March 15, so as not to defer until April the recomposition of their income.


Companies are waiting this Friday for the resolutions that remove the subsidies and improve their rates. The increases could exceed 700% if it is decided to transfer all the delays they accumulate.


The Government will define this week

the increases in natural gas rates

per network for the entire country.

The resolutions would be published this Friday in the Official Gazette and will reflect the

removal of

energy subsidies, in addition to the improvement in the income of transporters and distributors.

Gas was the last national public service that had frozen its rates since the middle of last year.

In December, households paid just 17% of the real cost of gas supply (70 cents per million BTU over US$4.10) while companies asked for increases of more than 500% in their margins.

If a total reduction of subsidies were advanced,

rates would be multiplied by at least 6 times

.

The consulting firm

EcoGo calculated that gas could increase by 743%

.

"This week there will be news," said the Secretary of Energy,

Eduardo Rodríguez Chirillo

, upon leaving his participation in the AmCham Summit.

In the private sector, they trust that the increase will begin to take effect from March 15, so as not to defer until April the recomposition of their income in the midst of months with double-digit inflation.

In addition, they expect an accelerated

indexation mechanism for their rates based on the evolution of wholesale inflation (IPIM), retail inflation (CPI) and salaries

.

The public hearing was held on January 4 and the

National Gas Regulatory Entity (Enargas)

had everything resolved to apply the rate increase since February.

But the Minister of Economy, Luis Caputo, ordered the increase to be postponed and to move forward, instead, with the adjustment in electrical energy, which entails larger subsidies at this time of year.

S.N.

Source: clarin

All business articles on 2024-03-13

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