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Argentina will raise electricity prices for residential consumers by an average of 21 percent, Argentine Planning Minister Julio De Vido announced July 30. The move is an indication that the government is being forced to compromise populist policies that have led to ever-increasing subsidies throughout the country.
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Argentina will raise electricity prices for residential consumers by an average of 21 percent, Argentine Planning Minister Julio De Vido announced July 30. Industrial and commercial electricity customers will see an average rate increase of 10 percent, and the extra income will be used to fund energy investment strategies.

The move is an indication that the government is being forced to compromise populist policies that have led to ever-increasing subsidies throughout the country.


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