The Government once again suspended increases in gas and electricity rates for July

The Government once again suspended increases in gas and electricity rates for July
The Government once again suspended increases in gas and electricity rates for July

The national government has suspended the increases in gas and electricity rates that were planned for the month of July, confirmed The uncovering sources from the National Energy Secretariat.

Previously, the Ministry of Economy, led by Luis Caputohad postponed the rate increases for May, which finally happened in June. “Because we are comfortable fiscally, we prioritize lowering inflation and not burdening the middle class with more expenses for the moment,” Caputo had said at the time to justify the measure.

Confirmed increases for July

Rentals

Tenants who signed a contract under the Rental Law – which updates the annual price through the Rental Contract Index (ICL), which combines inflation and wages – will have a increase that will be around 240%. This formula applies only to rentals initiated between the July 1, 2020 and October 17, 2023.

Beyond the repeal of Law 27,551 with the mega DNU promoted by the management of Javier Milei, contracts in progress must be respected until their expiration date. This means that as long as the agreement is in force, all terms and conditions will remain in effect until the time of its termination.

In this way, if a person started renting on July 1, 2023 and then faces his or her first annual update based on the index prepared by the BCRA, will have an increase of 244.4%. If you paid $150,000 per month a year ago, you will now pay $516,600 per month for the same home until July 2025.

Prepaid

Following the legal dispute following the presentation made by the Government, the private medical companies agreed that from July the tariffs will be adjusted “freely”. In addition, they committed to return in 12 months what was collected above inflation between January and April. In this way, for the seventh month of the year at least four large companies informed their members that the increases in fees will be around 6.7% and 8.5%.

Telecommunications

The companies began to inform their clients that, starting in the first days of July, they will carry out a new adjustment of rates, with a increase that will be between 6 and 9%depending on the service and operator.

 
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