A clean slate

The poster child of the Macri administration, the RenovAr renewables programme is the first major example of his government using state policy to successfully drive private investment into Argentina. But a big funding gap, infrastructure deficiencies and an energy market in its infancy mean Macri has his work cut out for him.

A clean slate

Famously, petrol is cheaper than bottled water in Venezuela. Such distorted values used to apply to Argentina, too: generous state subsidies meant that a monthly electricity bill in Buenos Aires was roughly the price of a coffee and croissant. But not anymore. President Mauricio Macri began raising the price consumers pay for electricity almost as soon as he entered office in 2015, phasing out subsidies and normalising market conditions, as part of a push to encourage domestic energy production and reduce Argentina’s costly dependence on energy imports.



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