In the recitals, it is explained that a DNU was resorted to “in the absence of an approved budget for the current year and the urgency in adopting the measures established in this decree”, for which “it is impossible to follow the ordinary procedures provided for in the National Constitution for the sanction of laws”.
Law 27,591 of Budget 2021 exempted from the payment of taxes on Liquid Fuels and Carbon Dioxide on imports of gas oil and diesel oil intended to supply electricity generation up to a volume of 800,000 m3, which was later expanded by an additional 700,000 m3 through decree 489/2021.
On January 14, 2022, the Secretary of Energy authorized the Managing Company of the Wholesale Electricity Market (Cammesa) to carry out imports exempt from the payment of the aforementioned taxes for up to 1.5 million m3, a volume that was later increased by another million.
According to what was reported by Cammesa’s General Management on June 30, as of that date the import of 1,858,962.319 m3 had been required, leaving a volume of 641,037.681 m3 so that the company can carry out exempt imports in the remainder of the year.
“The projection of the consumption of diesel for electricity generation for the rest of 2022 is higher than the remaining volume referred to, due to the low contribution of the water basins and the greater use of the firm transportation capacity of natural gas to supply the priority demand” , indicated the Government in the recitals of the DNU.
For this reason, he added, “it is necessary to increase the total annual volume of gas oil and diesel oil that Cammesa is authorized to import with the planned tax exemptions”, in order to “guarantee the normal operation of the Argentine electricity system during the winter period, as well as the requirement to manage the acquisitions of these fuels in the international market sufficiently in advance to ensure their availability for the system”.
Source: Ambito
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