Increasing energy prices under discussion – Armenian deputy minister

Increasing energy prices under discussion – Armenian deputy minister

YEREVAN, June 2. /ARKA/. Armenia’s deputy minister of energy and natural resources Ara Simonyan confirmed the allegations that increasing energy tariffs is currently being discussed.

Member of the Armenian parliament from Prosperous Armenia party Michael Melkumyan said at a session rumors suggest energy price may go up to 45 drams per kilowatt-hour and asked the deputy minister to clarify the matter.

Simonyan said certain difficulties occurred in Armenia’s energy generation in the last years – energy yield from hydro power plants has dropped due to dry years, and the lack was made up for from more expensive heat plants.

The deputy minister said the legislation requests to consider investments in energy while calculating the tariffs to ensure the payback.

‘These are objective factors, and there are currently discussions related to them’, Simonyan said sdding no details are available yet.

Last year Armenia’s Public Services Regulatory Commission set new tariffs for energy from Electric Networks of Armenia closed joint stock company. According to the decision, new daily tariff is 38 drams (including VAT) per 1 kilowatt-hour compared to the previous 30 drams, and the night tariff is 28 drams (including VAT) instead of 25 drams. ($1=413.28drams).--0--

13:34 02.06.2014

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