On behalf of Edesur, George Lemos, indicated that the company requests $43,236 million to continue with the operation in 2022, while Federico Méndez, on behalf of Edenor, set that amount at $56.8 billionwhich makes a total between the two companies of $100,036 million.
The financing of these additional resources can be done, they indicated, through three ways: increase in rates, State subsidies or a combination of both variables. “Which one to adopt is a decision of the authority itself, not of the company,” said Lemos, who assured that the reason for the hearing was not to set a new rate but to “evaluate the impact of inflation on costs.”
In this regard, he recalled that between March 2019 and December 2021 the tariff adjustment granted was 20.8%, against accumulated inflation in the same period of 199%. For his part, Méndez stressed that the subsidies are not intended for distributors but for users and generation.
Prior to the presentation of the distributors, representatives of the transportation companies spoke at the hearing, of which only Transener and Transba presented a proposal for a determined percentage rate adjustment.
Both companies were represented by Pablo Tarca, who proposed an adjustment of 43% for Transener and 44% for Transba, with an incidence on the rate of a residential user of 0.68% and 0.74%, respectively.
The proposals presented at the public hearing correspond to the transitory adaptation of the tariff schedule, pending the Comprehensive Tariff Review (RTI) that is expected to take effect in 2023. The final rate of the electricity service bill is made up of four factors: the seasonal price, the transport price, distribution value added (VAD) and taxes, plus any subsidies.
In this sense, Lemos assured that of what a user pays, 27% corresponds to taxes directly and that the total tax burden (direct and indirect) is between 46% and 50% of the invoice.
Finally, Edenor maintained: “The rate adjustments granted are insufficient in light of the country’s inflationary process which has reflected balance sheet losses of 9,082 and 17,684 million pesos in 2020 and 2021, affecting the company’s equity. It is necessary to apply all the tools granted by the Budget Law and other regulations to resolve the effects of the rate freeze.”
Source: Ambito
David William is a talented author who has made a name for himself in the world of writing. He is a professional author who writes on a wide range of topics, from general interest to opinion news. David is currently working as a writer at 24 hours worlds where he brings his unique perspective and in-depth research to his articles, making them both informative and engaging.
