PSRC begins revision of electricity price

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Economy

16.05.2013, 08:58

Armenia's Public Services Regulatory Commission (PSRC) said it began at its own initiative a revision of the price of electricity.

PSRC begins revision of electricity price

YEREVAN, May 15. / ARKA /. Armenia's Public Services Regulatory Commission (PSRC) said it began at its own initiative a revision of the price of electricity.

It said in a statement that the process of revision of prices for energy generation and distribution, as well as revision of prices for final consumers was launched in view of projected changes in gas price, used for electricity generation, fluctuations in the value of US Dollar and other factors.

Earlier this week Armenia’s Russian controlled gas operator ARG and Transgaz LLC asked the regulator to revise upward the current tariff for Russian natural gas. They want to raise the price for consumers using up to 10 thousand cubic meters a month from current 132,000 drams per one thousand cubic meters (including VAT) to 221,000 drams.

Armenia currently buys 1,000 cubic meters of Russian gas for $180. -0-

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