Milei Begins to Slash Energy Subsidies for Low-Income Argentines

Electricity bills will soar this month for most Argentine households heading into a particularly harsh winter as President Javier Milei marches on with economic shock therapy.

For the first time since Milei took office, low-income homes will see the energy cost of their utility bills double on average in June, while middle class families could see prices rise 155%. While most Argentines only pay 5% of the real cost of electricity, that figure will jump to a third for low-income households and nearly half for middle class citizens, the energy secretariat said in a series of press statements Wednesday.