Around 70% of Argentine households still maintain more than 90% of the price of electrical energy. To solve this challenge, it will be necessary to multiply the wholesale price of electricity by between 25 and 30 times to 7 out of 10 homes.
The goal with the International Monetary Fund is to lower it to 1.5% to 0.8% of GDP, according to consultants Mauricio Roitman and Luciano Caratori. However, there is a greater problem if they are greater and there is no uniform rate of increase in energy subsidies. Depending on the speed of the rate of increases, which were the equivalent of 1.6% of Gross Domestic Product (GDP) last year, it would represent 9,683 million dollars, they say. The energy subsidy is uniform throughout the country. Only N3 households - middle income - have a consumption limit covered by the State, which is 400 to 600 kWh per month depending on the region in which they live, and then pay the excess at full price.