This Monday, the Government authorized the increase in gas rates for distributors supplying natural gas through networks Metrogas, Naturgy BAN Group, Gasnor, Camuzzi, Ecogas, Litoral Gas and Gasnea published in the Official Gazette.
The increase comes amid higher seasonal consumption and higher energy prices. It is worth remembering that energy services are divided into three residential categories based on the income levels they receive according to the segmentation scheme in force since 2022: those with high income (N1) It was planned that they would pay more for energy. Those of low income (N2) and those of average income (N3) They have “bonuses on their rates” but with a consumption limit.
Gas rates: how the increases will be in July
The Observatory of Tariffs and Subsidies at the Interdisciplinary Institute of Political Economy (IIEP), which depends on the UBA and Conicet, estimated that since July a user N1 faces a rate increase of 922% compared to the table in force in December 2023 and an increase of 130% compared to April.
In turn, the users N 2 Low-income and middle-income N3 families face, on average, final bills with increases of 1,475% and 1,420% since the start of the new government and 173% higher than in April, respectively.
With the new values, the IIEP detailed that the average bill in the country in June for an N1 user, corresponding to high-income households, is $49,551 per month.
Meanwhile, the average bill for an N2 user is $35,308, and for an N3 user it rises to $39,488 per month.
Gas rates: how it will impact each user and how much the state will save
A job for consultants Economy and Energy and PxQ He highlighted that “The increases in electricity in the metropolitan region of Buenos Aires (AMBA) would be 228% for N1, 465% for N2 and 378% for N3,” compared to the closing values of the previous year.
In detail, the average electricity bills The amount that high-income households will receive in the coming months will be almost $35,000 per month. In the case of low-income users, it was estimated that it will rise to the range of $22,000 per month, while for the middle income bracket it will rise to more than $26,000.
The consultant Economy and Energydetailed that spending on subsidies should fall in 2024 by the equivalent of US$4,683 million to achieve a reduction of 0.7 points of GDP and end at USD 5,000 million, that is, 0.8 pp of GDP. According to these calculations, in 2023 The item had totaled US$9.683 billion, equivalent to 1.5 points of GDP.
The next gas tariff adjustment will be in August, as planned in the IMF staff report.
Source: Ambito
