Parliament hearing on energy tariff review starts in Armenia

Parliament hearing on energy tariff review starts in Armenia

YEREVAN, June 17. /ARKA/. The parliament hearing on electricity price review started in Armenia on Tuesday.

Earlier, the head of Armenia’s public services regulatory commission (PSRC) Robert Nazaryan said electricity price will probably rise by 3.85 drams or 10% as from August 1.

The hearing held by the standing commission on economic issues is attended by the head of the PSRC Robert Nazaryan, representatives of the ministry of energy and natural resources, NGOs.

The PSRC studied during several months the applications about tariff increases from all companies in the field – from power plants about release price, for distributing companies, ‘High Voltage Electric Networks’ and ‘Electric Networks of Armenia’ about the pricing margin.

According to the preliminary estimates by the PSRC, the energy field needs an additional of 20 billion drams (without VAT) to ensure reliable and safe electricity supplies. To make up for the financial gap an increase of the tariff within 3.8-4.3 drams per kilowatt-hour (including VAT) is anticipated for all consumer groups.

The PSRC has also found that substantial changes are expected in factors influencing the pricing in energy system in 2014-2015. The PSRC will make a decision on the matter in the near future.

The 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 411.86). --0--

13:14 17.06.2014

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