ANNOUNCEMENT 05 Jul 2016

The Argentinian Government passed a law establishing a discount on energy prices applicable to big companies.

NUMBER OF INTERVENTIONS

1

  • 1 harmful
  • 0 neutral
  • 0 liberalising

SOURCE

Ministry of Energy and Mining and Ministry of Production. Ministerio de Energía y Minería y Ministerio de Producción. Resolución Conjunta 122/2016 y 312/2016. http://servicios.infoleg.gob.ar/infolegInternet/anexos/260000-264999/263281/norma.htm

Inception date: 05 Jul 2016 | Removal date: open ended

Production subsidy

On July 5, 2016, the Ministry of Energy and Mining together with the Ministry passed the joint resolutions 122/2016 and 312/2016. This new law allows companies in enumerated sectors which consume more 300 KW of power to apply a discount of up to 20% over the wholesale energy price with a limit of 10,000 MWh.

The arranged discounts will be applied in the following staggered form: for the first 3,000 MWh, a 20% discount will be applied; for the following 3,000 MWh a 10% discount will be applied; and for the last 4000 MWh, a 5% discount will be applied to the current market price.

 

AFFECTED PRODUCTS

 
N/A