On November 20, 2024, the Government of Argentina released Decree 1023/2024 (“Decree 1023”), that extends the emergency of the energy sector previously declared by Decree 55/2023, enacted on December 2023 (“Decree 55”) until July 9, 2025 (please see our comments on Decree 55, here).
Decree 1023 is applicable to the segments of generation, transport and distribution of electric energy under federal jurisdiction, as well as to transport and distribution of natural gas.
Moreover, Decree 1023:
- Instructs the Secretary of Energy to continue with the implementation of the necessary measures regarding the above-mentioned activities to establish the rate and pricing criteria under conditions of competition and free access and guaranteeing the provision of public utilities.
- Establishes that the resulting rates of the revision ordered by Decree 55 shall become effective by July 9, 2025.
- Extends the intervention of gas and power regulators –ENRE and ENARGAS– until the new entity established by Foundations Law is constituted.
For additional information, please contact Nicolás Eliaschev, Javier Constanzó, Daiana Perrone, Victoria Barrueco and/or Manuel Crespi.