Argentina declares energy emergency to adjust electricity and natural gas tariffs

Argentina this Monday decreed an energy emergency “in the generation, transport and distribution segments” until December 31, 2024, with the intention of intervening in regulatory entities and starting to adjust electricity tariffs. light It is gas.

“Declare the emergency of National Energy Sector with regard to the segments of generation, transportation and distribution of electrical energy under federal jurisdiction and the transportation and distribution of natural gas“, as published in Official bulletin.

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The Executive Decree instructed the Ministry of Energy, within the scope of Ministry of Economy, establish a program to accommodate the costs of services in “real terms at income levels” to cover the investment and guarantee the continuous provision of services.

In line with economic fiscal adjustment measures, the Libertarian Government Javier Milei The correction of electricity and natural gas tariffs began, as well as intervention by regulatory bodies for both services.

Furthermore, auditors appointed by the Ministry They should review the rates and even are defined will be able “temporary adjustments and periodic adjustments are approved, tending to continuity and normality to benefit of the public services involved, depending on what results from the tariff review.”

The Government’s decision came into force while there are cuts in electricity supply, with hundreds of thousands of people affected, as a result of the storm that shook the province and the province this weekend. City of Buenos Aires, leaving 14 dead so far.

“It is imperative to channel the provision of the aforementioned public services in full compliance with the respective regulatory frameworks (…) if urgent measures are not adopted, the bad quality service described in damage of users”, the indicated document.

Finally, the Ministry of Energy invited the administrations of the provinces of Argentina coordinate emergency actions necessary to ensure the provision of emergency services electricity distribution that correspond to your jurisdiction.

Source: Elcomercio

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