President Javier Milei issued a decree declaring an emergency in the energy sector on Monday and ordered the energy secretariat to start revising electricity and gas tariffs. This marks the first step in the government’s plan to cut utilities subsidies, which will lead to significantly higher prices for end users.
The energy sector will be led by consultant Eduardo Rodríguez Chirillo. His team is currently preparing measures related to infrastructure and exports. On the day after the run-off, oil company YPF shares rose more than 10%. The sector is currently wondering who will occupy five key positions that will define Argentina’s energy policy.
REUTERS/Marcos Brindicci/File Photo Purchase Licensing Rights BUENOS AIRES, Dec 18 (Reuters) - Argentina's new libertarian President Javier Milei announced a power sector "emergency" on Monday, saying his government would tighten control over the country's local gas and electricity regulators, and seek to allow long-controlled prices to rise.
Energy costs pose a major challenge for Milei, who took office this month. He has pledged to overturn a deep fiscal deficit, but hiking energy bills will fan inflation already nearing 200% and hurt Argentines with two-fifths in poverty.
The decree also said the government would look to intervene in state electricity regulator ENRE and gas watchdog ENARGAS from the start of 2024, with government officials reviewing the working of the entities. The Reuters Power Up newsletter provides everything you need to know about the global energy industry. Sign up here.
Those who do not have a domestic gas supply, for example, may consume more electricity because they use it to cook. In Argentina, modifications to utility tariffs have to be approved at a public hearing. If this new scheme is approved in December, it could be applied in February, Caputo said last week. Otherwise, it will be applied in March.
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The International Energy Agency (IEA), an official forecaster, reckons that the global installed capacity of battery storage will need to rise from less than 200 gigawatts (GW) …
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The simulation results demonstrate that our proposed optimization scheduling strategy for energy storage Charging piles significantly reduces the peak-to-valley ratio of …
The charging pile energy storage system can be divided into four parts: the distribution network device, the charging system, the battery charging station and the real-time …
In this calculation, the energy storage system should have a capacity between 500 kWh to 2.5 MWh and a peak power capability up to 2 MW. Having defined the critical components of the …
Jorge says the main barrier consumers face, now, in Latin America is that people don''t yet realise that a solution to reliable energy is already available. Of course, …
President-elect Javier Milei has provided some answers regarding his energy plan, speaking of tariffs, fuel, and state-owned companies such as YPF and Enarsa. The …
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Different technologies and technical characteristics will be considered, with proposals expected to outline power and energy, charging and discharging periods, maximum …
Developing novel EV chargers is crucial for accelerating Electric Vehicle (EV) adoption, mitigating range anxiety, and fostering technological advancements that enhance charging efficiency and grid integration. These …
Direct-current (dc) fast-charging stations will replace, or integrate with, petrol stations, and renewable energies like solar and wind will be used to power them.
In addition, as concerns over energy security and climate change continue to grow, the importance of sustainable transportation is becoming increasingly prominent [8].To …
President Javier Milei issued a decree declaring an emergency in the energy sector on Monday and ordered the energy secretariat to start revising electricity and gas …
management. In this paper, the battery energy storage technology is applied to the traditional EV (electric vehicle) charging piles to build a new EV charging pile with integrated charging ...
The highly efficient energy storage system improves the energy density of lithium batteries and can store more energy in a smaller space, reducing system costs. Argentinian trams are in …
Energy storage has become a fundamental component in renewable energy systems, especially those including batteries. However, in charging and discharging …
The photovoltaic-storage charging station consists of photovoltaic power generation, energy storage and electric vehicle charging piles, and the operation mode of …
Direct-current (dc) fast-charging stations will replace, or integrate with, petrol stations, and renewable energies like solar and wind will be used to power them.
Moreover, a coupled PV-energy storage-charging station (PV-ES-CS) is a key development target for energy in the future that can effectively combine the advantages of …
BUENOS AIRES, Dec 18 (Reuters) - Argentina''s new libertarian President Javier Milei announced a power sector "emergency" on Monday, saying his government would tighten control over the...