Increase in prices for electric power to strike at large consumers - Nagorno-Karabakh premier

Increase in prices for electric power to strike at large consumers - Nagorno-Karabakh premier

STEPANAKERT, July 23. /ARKA/. The increase in prices for electric power will strike at large consumers, while others will have their price increase subsidized by the government, Nagorno-Karabakh Prime Minister Ara Harutyunyan said Tuesday at a news conference. 

On August 10, Artsakhenergo, the republic’s electricity-supplying company, starts selling electric power at 41.85 drams, including VAT, per one KWt-hour in daytime and 36.85 drams, including VAT, at nighttime instead of the 38 and 33 drams set in 2013. ($1 – AMD 406.84).  

Explaining the reason of the increase, the premier said that Artsakhenergo buys electricity from various sources, including some Armenian power-generating plants. The company buys it from Karabakh hydro power plants and Armenian providers at 25 drams (including taxes). 

He said that the loss of 5 drams is taken into account in calculating the price as well as salaries of the company’s employees – 8 drams and also 3 drams for possible technical disorders.  

Harutyunyan said investors demand to set the same prices as in Armenia for building small hydro power stations. 

Armenia’s Public Services Regulatory Commission has approved almost a 10 percent rise in electricity prices for households allowing  the Electrical Networks of Armenia distributor  to charge 41.85 drams per 1 kWh of electricity during daylight hours (from 7:00 to 23:00), up from  current 38 drams  and 31.5 drams for night hours (from 23:00 to 7:00),  up from current 28 drams. The decisions come into force on 1 August 2014. ($ 1 - AMD 406.84). --0-¬¬¬---

12:42 23.07.2014

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