He Government announced that no increases will be applied on the ballots light and gas during the month of May. This measure, which was initially scheduled to come into force as of this Wednesday, was intended implement a formula of update monthly rate designed to prevent increases from lagging behind inflation.
However, both the National Gas Regulatory Entity (Enargas) like the National Electricity Regulatory Entity (ENRE) postponed the publication of the new tariff tables pending a definition by the Ministry of Economy.
According to calculations made by regulatory entities, electricity distributors should face a 10.69% increasewhile gas distributors and gas transporters would have increases in the 12.5% and 12%, respectively.
He Ministry of Economy was evaluating several options, including possibility of cutting subsidies for low and middle income sectors (N2 and N3) in gas and electricity, as well as increase costs for businesses, industries and homes with higher incomes. In addition, it was contemplated to authorize the monthly adjustment of rates for companies.
In addition to the postponement in electricity and gas ratesthe Government also decided postpone the increase in fuel taxes. In accordance with the regulations that will be published in the Official bulletin, The update corresponding to the fourth quarter of 2023 of the Taxes on Fuels and Carbon Dioxide for unleaded gasoline, virgin gasoline and diesel will only be carried out on June 1.
