Regulator to consider energy tariff increase on July 1 in Armenia

Regulator to consider energy tariff increase on July 1 in Armenia

YEREVAN, June 25. /ARKA/. Armenia’s Public Services Regulatory Commission will discuss electricity tariff increase on July 1, the head of PSRC staff Mikael Soghomonyan reported.

In particular, the commission suggests increasing the electricity tariff by 10.1% for consumers. Under its draft decision, the commission approved the application from the Electric Networks of Armenia for 41.85drams per kilowatt-hour in daytime (from 7:00 to 23:00), as compared to the current 38drams. The night (from 23:00 to 7:00) tariff is proposed to be set at 31.85 drams, compared to the current 28drams per kilowatt-hour.
 
The draft decision says the new tariffs will come into effect from August 1 2014.

The commission proposed to increase tariffs also for other energy market players. In particular, electricity will cost 5.726 drams per kilowatt-hour from the Armenian nuclear power plant, 36.925drams per kilowatt-hour from Hrazdan heat plant, 18.133 drams per kwt-hour from Yerevan heat plant, 7.978drams per kwt-hour from Vorotan hydro power cascade, 2.072drams per kwt-hout the International Energy Corporation and 40.08drams per kwt-hour from Hrazdan 5 combined heat and power plant owned by Gazprom Armenia.

The proposed service tariff for transmission of energy by High Voltage Electric Networks is 1.6373drams per kilowatt-hour. Monthly payment against services by Electric Power System Operator will be 126.1122 million drams. The services of Raschetniy Tsenter will cost 16.1161 million drams per month. All tariffs include VAT.

According to preliminary assessments of the commission, an additional of 20 billion drams is required for energy enterprises to ensure financial stability, reliable and safe power supply (VAT excluded). Electricity tariffs are expected to be raised for all customer groups from 3.8 to 4.3 drams per kwt-hour (including VAT) for making up for the financial gap. ($1=408.45drams). –0--

14:38 25.06.2014

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