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Argentina Sets New Gas and Electricity Benchmarks for January, Orders Rapid Tariff Updates

The government raised wholesale reference prices and mandated pass‑through under a streamlined subsidy scheme as regulators finalize tariff tables that will define household bills within days.

Overview

  • Resolution 605/2025 increases the wholesale gas entry price (PIST) for consumption from January 2026, with an average 0.53% impact on January gas bills and a five‑day deadline for ENARGAS and distributors to apply the change.
  • Resolution 602/2025 sets a $14,381/MWh spot price from December 2025 for valuation and remuneration in the wholesale electricity market, and Resolution 604/2025 fixes reference prices for January–April 2026 to be incorporated into power tariffs.
  • Resolution 606/2025 modifies Plan Gas A to grant state compensations to participating producers for delivered volumes, a step aimed at securing supply during high‑demand periods.
  • The measures advance a 2026 shift to a simplified subsidy regime with two groups—households receiving state assistance and households paying full cost—while Level 2 and Level 3 users retain defined bonuses during the transition.
  • January will also bring confirmed increases in transport fares, rents under the ICL formula (36.39% for eligible contracts), prepaid health plans (roughly 2.2%–2.9%), Buenos Aires Province VTV fees (+21.8% from January 16), and scheduled fuel‑tax updates that could lift pump prices.