Social benefit increases important after electricity tariff rise in Armenia – minister

Social benefit increases important after electricity tariff rise in Armenia – minister

YEREVAN, July 9. /ARKA/. Increasing the social allowances due to electricity price hike is reasonable and important and aims at preventing even lower standards of living in the country, Armenia’s minister of labor and social affairs Artem Asatryan said.

On July 3, Armenian government decided to raise social allowances to vulnerable families by 1,000 drams due to electricity tariff increase for domestic subscribers by 3.85 drams as from August 1 2014.

This was a timely measure taken by the government to ease the effects of the energy price rise for socially insecure households in particular, the minister said.

He said the population will incur an additional of 800 drams on average in spending due to the increase in electricity tariffs. This is not sufficient, but will help, along with increased public servant pay and minimum wages, avoid reduction in consumption and lowering living standards, the minister said.

Asatryan stressed the government was doing its best to mitigate consequences.

The minister also said increasing social benefits by 1,000 drams per household will lead of extra budget expenditures of 100 million monthly.

On July 1, 2014, Armenia’s Public Services Regulatory Commission raised the tariffs for consumers for electricity produced by Electric Networks of Armenia to 41.85 drams per kilowatt-hour in daytime (from 7:00 to 23:00) compared to the current 38 drams, and 31.85 drams per kilowatt-hour at nights, compared to the current 28 drams. The decision comes into effect on August 1, 2014. ($1 – 407.67 drams). –0--

12:07 09.07.2014

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