ARGENTINA |
Electricity tariffs continue to rise. On 31 January, the Argentine government announced a sharp increase in electricity tariffs in Buenos Aires province of between 61% and 148%, as it continues to work with electricity suppliers to tackle the electricity sector crisis, which stems from the generous tariff subsidies offered in the last decade by Kirchnerista governments (2003-2015). The subsidies significantly lowered the cost of electricity consumption in Argentina but at the expense of state coffers, and the chronic deterioration of the domestic electricity production infrastructure, as electricity suppliers failed to invest in the sector due to the low levels of return they earned in the heavily regulated market.
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