The Government estimates that the cost of gas will drop by 30% in the coming years


Beyond the exponential growth of exports, the energy boom in the coming years will bring another direct benefit that will impact the majority of the population due to a drop in the cost of local energy . Now, this benefit has concrete projections. As El Destape learned , the government estimate is that the average cost of natural gas at the market level will be reduced by 30%  in the coming years, from 5 to 3.5 dollars per million BTU, once Vaca Muerta and the Néstor Kirchner Gas Pipeline are working at full capacity.


The drop in the cost of gas would be even greater in relation to the current import price of LNG , which is currently $20 per million BTU. That is, in this case the price would drop by more than 80% .


The official sources with which the portal spoke clarify that it is an approximate estimate or projection and not closed numbers , since it is always possible that prices change, something that in fact already happened last year with the war in Ukraine.


The impact of this drop in the cost of gas does not only affect the price of gas itself but also that of electricity , since imported LNG is one of the main inputs used for the generation of electrical energy, and therefore pushes the cost of the entire system.


Who will benefit and who will not with the drop in the cost of gas

But not everyone will perceive directly in their pocket this drop in the cost of gas supply. This is due to the fact that a large number of users currently pay a price of 2 dollars per million BTU , that is, still less than the 3.5 dollars that gas will have when its cost has dropped. In this way, the future decrease in the real cost of the tariffs will only be felt by those users who currently do not receive subsidies or receive them in a rather limited way.


Official sources explained that, for this reason, the residential users who will really perceive the drop in the real cost of gas and electricity are those with high incomes (level 1) , who have already been paying the full rate since March (although it should be noted that in This segment is also currently home to millions of users who, perhaps due to ignorance, did not fill out the form.


Those with medium incomes (level 3) will barely perceive the decrease in the cost of generation, since they receive subsidies for a smaller proportion of their bill. On the other hand, users who are in the low-income segment (level 2) already pay a very low price today and will not receive a new decrease in the rate, although the new scenario will help the State save money in the subsidies that it destines them


But other categories of users outside of residential will also see a real drop in the tariff price, the sources added. It is, on the one hand, large industrial users . Although the entire industry will benefit, the impact will be particularly significant in energy-intensive branches, such as the steel industry or petrochemicals, among others.


On the other hand, there will also be a drop in the real cost paid by businesses , institutions such as NGOs  and "general users" , that is, the public sector . In total, the Government calculates, 80% of the users of electrical energy , between residential and non-residential, will benefit from the future drop in the price of gas and electricity.



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