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The Government confirmed the increases in Electricity rates for the Buenos Aires Metropolitan Area (AMBA)which the distributors have under control Edesur and Edenor, which will be between 65% and 150%, depending on the user category. In addition there will be Monthly updates starting in April.
“With the objective of reducing transfers from the National State to the electricity sector and promoting a sustainable economic balance, through the ENRE resolutions, issued today – after having held the corresponding public hearings – immediate measures have been adopted so that the rates of end users, in their different categories (Residential, General and Large Demands) are in accordance with the cost of supply, and are paid for their use like any other good,” the Government reported.
And he added: “These measures are implemented gradually, so that Residential Users categorized as N2 and N3 have been affected to a lesser extent, pending a hearing for the reallocation of subsidies that will take place this month.” It is clarified that “in terms of relative percentage points (the comparison of the current values with those that prevailed until now) a single general increase cannot be indicated because, until now, there were different categories of users who paid different prices for the energy and power they “The distributors purchased in the Wholesale Electricity Market.”
How much will the electricity rate rise in March?
In the communication he explained that For average rates, considering an average consumption of 380 KV/h per month, in the case of N1 users, a bill of $13,900 will pay $34,332, which represents an increase of 150%. In the case of the N2 users, for the same level of consumption and period, will go from $4,360 to $7,415, which represents an update of 70%; and in case of N3 will go from $4,783 to $7,850, equivalent to a difference of 65%.
“However, it should be noted that, in this class of users, if the consumption exceeds 400 KW/h per month, if the consumption reached 600 KW/h the amount would go from $14,600 to $34,000, that is, a 130% difference in the tariff reconfiguration,” it was reported.
In addition, the Government indicated that “the sanctioned rates will be temporarily valid for one year, meanwhile, a five-year rate review (period 2024-2028) is carried out, in accordance with Law 24,065, to guarantee the execution of investments that require longer payback time and strengthen the quality of supply to users. In order to maintain the real value of the transitional rate, a monthly adjustment mechanism is applied that will come into force from April.”.
The income limit to request subsidies for electricity and gas was raised
The considerable increase in the cost of the Total Basic Basket (CBT) in January, recently announced by the National Institute of Statistics and Censuses (INDEC), raised the income limit required to be able to request subsidies for public services.
During the first month of the year, a family needed $596,823.18 to avoid being below the poverty line, a notable increase compared to the $495,798 last December. Taking into account this increase and based on the basis that, according to current regulations, to request subsidies for electricity and gas, families cannot have income that exceeds 3.5 times the value of the CBT, the threshold established to apply automatically goes up.
In this way, the new income limit to access service subsidies was updated to $2,089,881.13, which implies that those families that receive income higher than said amount will not be able to count on the benefit.
With the update, it is expected that more families will be able to access the state subsidy, since the increase was 20.45% monthly, while income did not grow in the same proportion. The amount calculated to determine if the subsidy applies is the sum of all the monetary income that a household has.
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Currently the rates correspond according to the group that has determined the segmentation system, launched in the last stretch of Sergio Massa’s management at the head of the Ministry of Economy. From there three groups emerge:
High-income segment (N1): includes households with total monthly income above the established threshold, owners of three or more vehicles less than five years old, three or more properties, or luxury goods. These users cannot access the benefit.
Middle income segment (N3): covers those households with total monthly income between $596,823.18 and $2,089,881.13, adjusting for particular conditions such as the presence of people with disabilities. Families that are within this group can apply for the subsidy.
Low-income segment (N2): this group includes households with net income less than $495,798.32, with adjustments for special conditions. These users can also apply for the subsidy.
How to apply for electricity and gas subsidies?
If you want to maintain or apply for the subsidy, a mandatory registration must be completed for it to be granted. Those interested may complete the process online.
- To complete the registration you must have:
- The meter number and the Customer/Service/Account/Contract or NIS number that are on your electricity and natural gas network bill.
- The last copy of the DNI.
- The CUIL number of each household member over 18 years of age.
- The out-of-pocket income of each household member over 18 years of age.
- An e-mail address.
- If a community dining room or picnic area registered in ReNaCOM operates at the service address, have the registration number.
