Due to the reduction in subsidies, gas rates rose 1100% since December in AMBA: what happened in June – Monte Cristo News

Due to the reduction in subsidies, gas rates rose 1100% since December in AMBA: what happened in June – Monte Cristo News
Due to the reduction in subsidies, gas rates rose 1100% since December in AMBA: what happened in June – Monte Cristo News

Due to the increases in wholesale prices and the reduction of subsidies, electricity and gas rates exceeded the average $36,000 in the Buenos Aires Metropolitan Area (AMBA) in June. From December to the sixth month of the year, natural gas bills rose 1,179% and electricity bills rose 234% in CABA and the Buenos Aires suburbs.

The data comes from the latest report of the IIEP Rates and Subsidies Observatory carried out by UBA-Conicet. In June, the electricity bill cost $41,504 on average in the AMBA and gas bills cost $36,136.

Read also: Prepaid companies communicate how much the fees will increase in July and warn that 5,000 health centers are in crisis

With the gradual removal of state assistance that the Ministry of Energy applied to middle-income households (N3), their subsidized consumption is reduced from 400 to 250 kw per month. The N2 (low) now have a subsidized consumption limit of 350 kw per month. For excess consumption, they pay the full energy price.

In the case of natural gas, the “bonuses” as the Government now calls the subsidies that low- and middle-income users will receive starting this month on the price of gas consumed are: 55% for N3 (medium) and 64% for N2 (low income).

Due to the increases in wholesale prices and the reduction of subsidies, electricity and gas rates exceeded the average $36,000 in the Buenos Aires Metropolitan Area (AMBA) in June. (Photo: Télam)

The survey also detailed the cost of the basket of public services that includes the costs of electricity, gas, water rates and trips on public transportation, rose 19% compared to the previous month. In June, a family allocated $139,356 to cover their energy, transportation and drinking water needs at home.

In the last month of 2023, those expenses were equivalent to about $29,000. Thus, from December to March, the basket of public services increased by 365%.

Increases in gas rates: how the bills turned out after the reduction of subsidies

The Government established an increase in the price of gas and advanced in the gradual removal of subsidies on June 1. In this way, the new average rate values ​​for high, medium and low income users throughout the country are as follows:

High income (level 1): The average bill reaches $49,551; Low income (level 2): ​​The gas bill reaches $35,308 on average; Medium income (level 3): The bill reached $39,488 in June. In June, users low and medium incomes had a 173% increase in gas bills, compared to Abri values ​​(Photo: Adobe Stock)

Thus, low- and middle-income users will notice a 173% increase in gas bills in June, compared to the values ​​in April – when the fixed charge was raised. While households grouped in level 1 the increase was smaller, registering a variation of 130%, according to the IIEP Rates and Subsidies Observatory.

From December to June, rate tables increased 922% for the N1 segments. Meanwhile, low- and middle-income users faced a higher increase: 1,420% and 1,475%, respectively.

Read also: Electricity and gas rates: what income do you have to have to request subsidies in June and how to process them

How much money did a family need to cover the fees in May 2024

An average household needed $139,356 to cover electricity, water, gas and public transportation rates. According to the report, the basket of public services increased 365% from December to May. The values ​​of the energy and transportation rates are as follows:

Electricity rate: $41,504 average Gas rate: $36,136 average Water rate: $20,631 average Spending on public transportation: $40,906 In June, a family allocated $139,356 to cover their energy, transportation and drinking water needs at home. (Photo: IIEP)

According to the report, the increase in spending on public services reached 19% compared to May. The increase is explained by higher consumption of natural gas and electricity in the midst of the winter seasonal peak. Also due to the increase in wholesale prices of both supplies and the reduction of subsidies for medium and low-income users.

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