Armenian Public Services Regulatory Commission intends to raise electricity prices by 3.8 - 4.3 drams per one KWh

Armenian Public Services Regulatory Commission intends to raise electricity prices by 3.8 - 4.3 drams per one KWh

YEREVAN, June 5. /ARKA/. The Public Services Regulatory Commission of Armenia is going to raise consumer prices for electric power by 3.8 - 4.3 drams per one kWh (including VAT).

The commission said Wednesday that energy sector is in need of additional AMD 20 billion (without VAT) to fill its financial gap and ensure proper power supply. 

According to the press release, it has become clear after about two months of observation of outlooks of energy companies’ expenses and liabilities for 2014 and 2015 that the factors impacting these companies’ activities will considerably change. As a result, the commission started revising prices on its own initiative. 

The regulator says on its official website that all those who want to see its calculations and the files on which these calculations have been made and all those wanting to come up with verbal or written proposals may call on any working day before 18:00 to the commission by dialing 528 590 (extension 332) and arrange a meeting with a responsible officer. 

All the proposals may be sent to the address 22, Saryan St, Yerevan or emailed to elensakagin2014@psrc.am. 

The Public Services Regulatory Commission already raised consumer prices for electric power on June 7, 2013 from 30 drams to 38 drams per one KWh (including VAT) for daytime consumption and from 25 drams to 28 drams for nighttime consumption. The then decision took force on July 7, 2013. -0----

10:46 05.06.2014

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