Electric power prices in Armenia to rise 10% soon

Electric power prices in Armenia to rise 10% soon

YEREVAN, June 11. /ARKA/. Consumer prices for electric power will be raised by 10%, Robert Nazaryan, chairman of Armenia’s Public Services Regulatory Commission, said Wednesday in the National Assembly. 

Earlier, Nazaryan said that electric power prices will be raised on August 1. 

He said the commission had spent about two months for considering applications received from the plants generating electricity and distributors and will make its decision in the near future. 

In his words, energy sector is in need of additional AMD 20 billion (without VAT) to fill its financial gap and ensure proper power supply.  Therefore, 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 Public Services Regulatory Commission has already raised consumer prices for electric power just one year ago 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. ($1 – AMD 412). -0----

16:38 11.06.2014

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