The gas and electricity regulatory entities approved the tariff charts that will come into force as of tomorrow, after the public hearings that took place in May, while the Secretary of Energy assured that “this week” the resolution that will establish segmentation for users of both services with higher purchasing power.
The National Electricity Regulatory Entity (ENRE) applied the update of the Seasonal Price of Energy (PEST) and instructed the distributors Edenor and Edesur to carry out the corresponding adjustment of the tariff schedule, as established in resolution 405/2022 of the Ministry of Energy, which determined the increase in prices for the Wholesale Electricity Market (MEM).
While, the National Gas Regulatory Entity (Enargas) approved today through the resolutions 207, 208, 209, 210, 211, 212, 213, 214, 215 and 216 the tariff charts to be applied by the distributors Metrogas, Naturgy Ban, Camuzzi Gas del Sur, Camuzzi Gas Pampeana, Gasnor, Gasnea, Litoral Gas, Distriibuidora de Gas del Centro, Gas Cuyana and Redengas.
From the Secretary of Energy they advanced that in the course of “this week” the resolution will be known will set the segmentation of the rate increases for gas and electricity distribution services for users with higher purchasing power.
Both the adjustments already announced for the rest of the users -with and without a social rate- and those that will be applied to the segment with more resources will take effect in Juneclarified the Secretary of Energy, Darío Martínez, who recalled “the Government and the President (Alberto Fernández) have decided to put a cap” on the increases and in consequence “no rate can evolve more than the salary”.
“Through ENRE Resolutions No. 171 and No. 172/2022, the charges that must be implemented, in their respective areas, by the concessionaires of the public electricity distribution service Edenor SA and Edesur SA to residential users, not residential and large users,” the ENRE said in a statement.
The update reflects the seasonal change in the price of energy and it is independent of the income of the transport and distribution companies, he clarified.
Rates will have average increase of 16.53% for those who do not perceive social rate and 7.7% pfor those who receive said benefit; and for the business users the average increase will be 16% and for the categories T2 and T3 of 19%recalled the ENRE.
Meanwhile, in its resolutions, the Engargas recalled that the Secretary of Energy of the Nation resolved to convene a Public Hearing, held on May 10, 2022, for the “treatment of the new prices of natural gas at the Point of Entry to the Transportation System (PIST), applicable as of of June 1, 2022”.
Likewise, it pointed out that the issuance of the administrative acts that immediately put the tariff tables into force (…), which imply a modification in their integration due to the modification of the portion of the price assumed by the National State, is carried out “ considering the commitments assumed by the National State”.
Such commitments are those that arise from the law of the National Congress that approved the public credit operations contained in the Extended Facilities Program to be entered into between the National Executive and the International Monetary Fund (IMF) for the cancellation of the Stand By Agreement entered into in 2018. .
In the according to the International Monetary Fund (IMF) it was stipulated that the Annual increases may not exceed the equivalent of 40% of the 2021 salary variation for the beneficiaries of social fee and the 80% for the restwhile the users with greater purchasing power will no longer apply subsidies.
In early May, the Ministry of Economy specified that to be in that last segment and, consequently, pay the rate without subsidies, the titular user must comply with one of the following requirements: have incomes greater than 3.5 total basic baskets, three or more properties, three or more vehicles less than five years old and luxury planes or boats, live in gated communities or in an area located within the “polygons” High ability to pay.
The latest report from the Ministry of Finance indicated that the subsidies to the energy sector amounted to $116,673 million in April, 132% more than in the same month last year and higher than the primary deficit for the month, which was $79,185 million.