The Ministry of Economy, led by Luis Caputo, decided not to implement the planned increases in electricity and gas rates, nor to adjust the fuel tax. This tax was going to increase by 115%, with an impact of 18% on prices at the pump.
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The aim of these measures is to avoid additional pressure on the cost of living, thus allowing relief for households that have experienced a significant loss of purchasing power. This decision also takes into account the higher energy consumption during the winter.
The measure, in principle, will be applied only to July rates, with the purpose of not adding more fuel to the fire that, as InfoGEI reported a week ago, the total cost of the basket of public services since December 2023 has increased by 365 %.
At the beginning of this month, the Government modified the maximum limits of subsidized consumption and bonuses on wholesale prices of electricity and gas for low (N2) and medium (N3) income users, in accordance with the Transition Period established by the Decree No. 465/24. This measure begins a process to transition from a generalized subsidy regime to a focused one, where users will be able to know the real cost of energy and gas, as well as state assistance based on their ability to pay.
Taking an average bill with a consumption of 250Kw, the increases now postponed were:
N1 (high income): From $24,710 to $30,355 (23% increase), covering 1.5 million households.
N2 (low income): From $6,295 to $12,545 (99% increase), comprising 1.9 million users.
N3 (middle income): From $6,585 to $16,850 (156% increase), covering 1 million customers.
As for gas, there will be no increases in July consumption either, so users will pay the same as in June, as long as they maintain the same consumption. An increase of 9.2% for the N1 segment, 33% for N2 and 10% for N3 had previously been established.
(InfoGEI)Ac
