Protest against electricity tariff increase held in downtown Yerevan

Protest against electricity tariff increase held in downtown Yerevan

YEREVAN, July 1. /ARKA/. A protest is held today in the downtown Yerevan against the electricity tariff increase, outside the building of Armenia’s public services regulatory commission.

The commission is currently considering the increase. In particular, it proposes to increase the tariff for consumers by 10.1%.
 
The protesters demand to let them into the meeting hall.

Under its draft decision, the commission approved the application from the Electric Networks of Armenia for 41.85drams per kilowatt-hour in daytime (from 7:00 to 23:00), as compared to the current 38drams. The night (from 23:00 to 7:00) tariff is proposed to be set at 31.85 drams, compared to the current 28drams per kilowatt-hour.

The draft decision says the new tariffs will come into effect from August 1 2014.

According to preliminary assessments by the commission, an additional of 20 billion drams is required for energy enterprises to ensure financial stability, reliable and safe power supply (VAT excluded). Electricity tariffs are expected to be raised for all customer groups from 3.8 to 4.3 drams per kwt-hour (including VAT) for making up for the financial gap. ($1=407.28drams). -0--

13:45 01.07.2014

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