Saturday, August 20, 2016 Utility rates: businesses mull injunctionsStung by their exclusion from a Supreme Court ruling that rolled back natural gas price increases for residential users only, heavy industry and business representatives yesterday urged the government to broker a solution for their sectors. On Thursday, the country’s top tribunal struck down the hikes in gas prices for residential users only — accounting for roughly a third of total consumption. As such, the Court excluded the businesses and industry that consume the majority of the country’s gas. While domestic users will enjoy the rates in effect on March 31 and may be reimbursed in the coming months, businesses will be expected to pay the increases capped at 500 percent. Urtubey added that the ruling issued unanimously by the four Supreme Court justices did “not resolve the rate problem” and that a comprehensive solution was needed.

Source: Bueno Aires Herald August 20, 2016 03:00 UTC