Expert: Armenian Public Services Regulatory Commission’s intention to raise electricity prices absolutely unjustified

Expert: Armenian Public Services Regulatory Commission’s intention to raise electricity prices absolutely unjustified

YEREVAN, June 23. /ARKA/. Arshak Sadoyan, the leader of the Bloc of National Democrats, is convinced that the Armenian Public Services Regulatory Commission’s intention to raise consumer prices for electric power is absolutely unjustified.  

On Monday, speaking at a news conference, he said that the commission had not provided any cogent argument for the increase. 

He said that the president-affiliated Public Council had discussed the matter with representatives of the commission and the latter provided not a single convincing argument to justify its intention. 

“More than that – when we demanded the commission to post its arguments on its website, we were told that everyone who want to see them may come to the commission’s office,” Sadoyan said. 

Voiced disappointments at public passiveness, he said it is due to the lack of a strong opposition that could unite people and stage protests against the looming price rise.  

Aram Sargsyan, who spoke at the same news conference, pointed out that the financial gap of AMD 20 billion (excluding VAT) has resulted from a shoddy management in the electricity-distributing company and the whole responsibility for that should be borne by its administration and nobody else. 

Sargsyan also stressed that if prices for electric power rise, public disaffection for the country’s leadership will mount. 

The commission said earlier this month that the energy sector is in need of additional AMD 20 billion (without VAT) to fill its financial gap and ensure proper power supply and also voiced intention 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 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. ($1 – AMD 409.54). -0----

17:36 23.06.2014

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