Argentina Companies May Bear Cost of Fernandez’s Utilities Shift
- Presidential favorite has insisted on ‘un-dollarizing’ prices
- Transporters and distributors are expected to be hit hardest
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Energy companies would likely be made to pay for Alberto Fernandez’s move to slow hikes in electricity and natural gas prices.
Under business-friendly President Mauricio Macri, companies, especially those focused on transport and distribution, have returned to profitability after years of price freezes. But Fernandez, the opposition candidate who’s the favorite to win Argentina’s Oct. 27 presidential election, is expected to reel in the increases. After struggling to make ends meet under Macri, voters would hand Fernandez a mandate to address their economic plight, with one of the biggest burdens being the cost of utilities.