Due to the increase in rates that occurred in the first four months of the year and the recent elimination of subsidies, an average of 1,000 euros was recorded. cumulative increase of 1,000% compared to December last year. Although it should be noted that this varies according to the categories and segments of the population.
In this sense, the homes of 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.
The latest official data show that the N1 bracket comprises 5.3 million households; N2 8 million and N3 2.7 million families. The categorization depends on the income each household receives in relation to the Total Basic Basket (CBT) from Indec.
How much will the gas bill go up 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 922% rate increase compared to the table in force in December 2023 and an increase of 130% compared to April.
In turn, the N2 users Low-income and middle-income N3 families face, on average, final bills with increases of 1,475% and 1,420% since the change in government management and 173% higher than in April, respectively.
With the new values, the IIEP detailed that the average bill in the country In June for a user belonging to the highest income category it is $49,551 per month. In the case of a N2 user is $35,308and for a N3 rises to $39,488 per month.
The next gas tariff adjustment will be in August, as planned in the IMF staff report. In addition, he points out that the Treasury Department plans to reduce energy subsidies by at least 0.7 percentage points (pp) of GDP in 2024, of which 0.5 pp of GDP have already been cut.
How to maintain gas subsidies
Javier Milei’s government has given residential users who currently have a subsidy a deadline of early August to re-register in order to keep it.
For this, they must register again in the Registry of Access to Energy Subsidies (RASE). This was established through Resolution 90/2024 of the Secretary of Energypublished on Wednesday, June 5 in the Official Gazette, in order to carry out a Restructuring of subsidy regimes “in order to ensure a gradual, orderly and predictable transition towards a scheme that allows “transfer the real costs of services.”
Source: Ambito
