Global Markets

Argentine power auctions to begin in August

Argentina’s power generators will be able to start bidding for their gas supply from August.
By Staff reporter 20 July 2018 0 31834

Argentina’s power generators will be able to start bidding for their gas supply from August, Argentine President Mauricio Macri said on Thursday, according to Reuters.

This is earlier than expected; Argentina’s new energy minister, Javier Iguacel, said earlier this month that auctions could start during the country’s warmer months, which begin around October and usually bring low demand.

The auctions could account for as much as 70% of wholesale supply by March or April 2019.