Pricing

Hydrocarbon

La Comisión Nacional de Energía determina semanalmente los precios de paridad y de referencia de los combustibles, para efectos de la aplicación del Mecanismo De Estabilización de Precios de los Combustibles creado por la Ley N°20.765; y el Fondo de Estabilización de Precios del Petróleo de la Ley N°19.030 y sus respectivas modificaciones. Los precios de paridad se determinan semanalmente para los combustibles gasolina automotriz de 93 y 97 octanos, petróleo diesel y gas licuado (Ley N°20.765); y kerosene doméstico (Ley N°19.030). Se entiende por precio de paridad a la cotización observada en los mercados internacionales relevantes (el principal es el de la Costa del Golfo de Estados Unidos), considerando el valor FOB (free on board), los costos de transporte, seguros, derechos de aduana y otros gastos y costos de internación, según corresponda.
Por su parte, los precios de referencia son valores esperados que reflejan el precio del respectivo combustible sin considerar la volatilidad de corto plazo. Estos precios de referencia se determinan para el caso de la Ley N° 20.765 en base al valor promedio pasado y futuro del petróleo crudo representativo de un mercado relevante y un promedio de valores pasados de diferencial de refinación, y los costos de transporte, seguros, derechos de aduana y otros gastos y costos de internación, según corresponda, y para el caso de la Ley N° 19.030, como la suma ponderada de tres componentes: i) componente ponderada histórica de los precio de paridad de los 4 últimos semestres; ii) componente proyección del precio de paridad de corto plazo (1 año); y iii) componente proyección de precio de paridad de largo plazo (10 años).

Valorization of Gas Installations

Through Law No. 20,999 of February 2017, which amended the Gas Services Law, a change procedure was established for a gas distribution company and for the distribution of liquefied gas in bulk, in the case of customers or consumers with residential gas service. . This regulatory framework, together with contemplating the series of instances and deadlines associated with the change procedure from the request of the respective client or consumer, facilitates the transfer between the distribution companies involved in the gas facilities that serve the provision of the service and that located on the property of the interested customer or consumer.

Article 29 ter of the Gas Services Law states that in the absence of an agreement between the distributing companies regarding the price of gas installations included in an exchange procedure, and in the case of facilities intended to provide gas service residential, the new company may acquire them at the value determined by the Commission in the quarterly valuation report on gas installations, duly indexed. The aforementioned provision adds that said valuation will be made considering the market price of the facilities, their useful life, type of technology, geographical criteria, obsolescence or depreciation, indexation mechanisms, and the others determined by the regulation.

For its part, article 29 quater of the Gas Services Law contemplates the procedure for the issuance of the referred report for the valuation of gas installations, indicating that the Commission issues a preliminary valuation report, which can be observed by the companies distributors. If the observations are not accepted in the final valuation report, said companies may submit them to the Panel of Experts.

Once the procedure has been completed, the Commission must, by resolution, issue the final report on the valuation of gas installations, which will be valid for the following four-year period, updating the conformity values to the indexation formulas contemplated in the same report.