“While the injunction is not revoked, this ruling suspends all electricity increases throughout the country,” the judge said in an interview with C5N. If increases were to be retroactive, people would have to pay several months of non-applied increases. If the Court upholds the judge’s decision, the government will still be able to take its claim to the Supreme Court, which will have the final say. The decision comes on the same day that the La Plata Federal Court will decide whether to send the Macri administration’s appeal to the Supreme Court or not. If the Macri administration decides to appeal the decision — which it probably will — it will be up to the San Martín Federal Court to back up the initial decision or revoke it.

Source: The Bubble August 04, 2016 14:26 UTC