Electric cooperatives in Buenos Aires province are facing uncertainty due to the implementation of a debt regularization scheme with Cammesa. The plan includes long-term payment installments, with the first installments expected between June and July. Representatives of cooperatives met in Olavarría to analyze the financial situation of the electricity system. In many cases, these entities continued providing services without sufficient income to cover the cost of the energy acquired from the wholesale market. The agreement with Cammesa requires keeping up with current energy payments while simultaneously clearing the accumulated debt in installments. The plan includes grace periods and up to seventy-two installments, with rates linked to those of the National Bank. During the meeting in Olavarría, participants agreed that the main challenge will be to maintain service provision, continue investing in the grid, and meet the financial obligations arising from the agreement with Cammesa. They also pointed out that the volume of accumulated commitments raises concerns about the real capacity to comply in a complex economic context. The main question is how to meet these obligations when tariffs have not covered the system's costs for long periods.
Buenos Aires Cooperatives Assess Cammesa Debt Payment Plan
Buenos Aires cooperatives discuss the financial situation in the electricity system following an agreement with Cammesa to settle accumulated debts. The first payments are expected in June-July, but cooperatives remain concerned about meeting their obligations in a complex economic climate.