The first impacts of the tariff framework on water bills will be felt in September
More than 30 million people will feel the ravages of this change. Photo: Valentina Delgadillo - Portafolio
TL;DR
- Andesco president Camilo Sánchez claims over 30 million people will be negatively affected by the new water and sewage tariff framework.
- Sánchez asserts that the claimed tariff reductions are a 'false illusion' and that costs will likely increase due to new environmental and technological obligations.
- He warns of decreased profitability for companies, potentially leading to reduced investment, lower coverage, and job losses.
- The financial sustainability of water companies is at risk due to lower expected returns and the incorporation of unaddressed losses.
- Sánchez criticizes the government's rushed implementation timeline and lack of impact studies, stating that repairing damages could take years.
- The first significant impacts of the new framework are expected to be felt in September, with potential losses shifted to managers and mayors, reducing municipal investments.