AySA rate increases are decided by the Ministry of Public Works, which now depends on the Ministry of Economy. The Secretariat transmits the order of what rate to apply to the water and sanitation regulatory body (ERAS), who details the new rate table to AySA.
The Government called a public hearing in order to examine the rate adjustment proposal presented by the company AySA, in charge of providing water and sanitation services to a population greater than 3.8 million homes in the metropolitan area of Buenos Aires (AMBA).
The date was made official through the Official Gazette this Tuesday and was set for March 27, 2024 at 10:00 a.m. The objective of the hearing is to discuss the Tariff Adjustment Proposal presented by AGUA Y SANEACIONES ARGENTINOS SA (AySA).
Key points of the call
- Aim: consider AySA’s rate increase proposal and its rationale.
- Place and date: March 27, 2024 at 10:00 a.m., through a digital and streaming platform.
- Authorities: The hearing will be chaired by Eng. Luis Giovine, Secretary of Public Works.
- Inscription: Those interested in participating as exhibitors must register at the ERAS headquarters from March 11 to 25, 2024.
The antecedent
Two weeks ago, the Minister of Economy, Luis Caputo, rejected the proposal for a 138% rate increase that the state company had made to the then Ministry of Infrastructure. However, after passing that portfolio under the orbit of Economy, Caputo rejected the suggestion and the company must design another scheme with a smaller adjustment variable.
The company had calculated the rate increase based on expenses and investments at December 2023 prices, as they had said, and justified the request by saying that “inflation in 2023 was higher than expected (222% annually), so tariff revenues are insufficient to sustain operating expenses.”
AySA rate increases are decided by the Ministry of Public Works, which now depends on the Ministry of Economy. The Secretariat transmits the order of what rate to apply to the water and sanitation regulatory body (ERAS), who details the new rate table to AySA.
Source: Ambito
