Confirmed Increase in Utilities – AIM Digital

This is one of the adjustments that have been questioned with the dollar's firing, the consequent devaluation of the peso and the impending transfer to prices, but finally, the new Minister of Finance said it would not be possible. Energy, Javier Iguacel, confirmed that there will be electricity and gas tariffs in the second half of the year

Despite a rising inflationary backdrop that will push rates up above 30% per year, the government does not abandon its tariff "correction" plan. The successor of Juan José Aranguren stressed that we must "continue with a correction". "We will do a review in September and October," he confirmed.

"Light and gas have three components in the bill.One is energy in itself, product, the other is transportation and the other is the distribution, the rates are already corrected, there is no increase except the correction for inflation, it is half of the bill ", explained the national manager.

Speaking to the US chain, the owner of the energy portfolio said that the rest of the bill is composed "by the cost of generation" we have a very big cost because we continue to ;import. "The difference between what it costs us and what we pay is two to one. It costs us twice what we pay. Here we must continue with a correction, "he summarizes.

" The president (Mauricio Macri) – continued – told us that we must maintain the rules of the game and be integrated into the world. Generate competition and have a healthy economy. But he also asked us to ensure that people and SMEs can take care of themselves. "In this context, Iguacel pointed out that" there is an opportunity to use the competition and transform itself faster so that gas producers are competitive "and it should not be" l & rsquo; State that buys and sells. "

Do they compete with each other to lower the price of energy at two, three or five years and have competitive rates?" he concluded. Between 2015 and 2017, electricity increased by 562% and gas 223, according to data from the Consumer Price Index (CPI) of the city of Buenos Aires.