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Armenian Public Services Regulatory Commission insists its decision to raise electricity prices economically justified

24.06.2015, 17:10
Mariam Stepanyan, the press secretary of the Public Services Regulatory Commission of Armenia, told ARKA News Agency that the commission's decision to raise electricity prices for consumers was economically justified.
Armenian Public Services Regulatory Commission insists its decision to raise electricity prices economically justified
YEREVAN, June 24. /ARKA/. Mariam Stepanyan, the press secretary of the Public Services Regulatory Commission of Armenia, told ARKA News Agency that the commission's decision to raise electricity prices for consumers was economically justified. 

In her words, the commission is an independent professional organization and it made an economically justified decision after scrutinizing the matter. 

She refrained from saying how high prospects for revision of this decision are. 

On June 17 Armenia’s Public Services Regulatory Commission (PSRC) formally raised the prices of electricity by over 16 percent, down from 40 percent rise sought by Armenia’s Russia-owned power distribution company - the Electricity Networks of Armenia (ENA).  This means that the daytime electricity price for households will rise from 42 drams to almost 49 drams (10 U.S. cents) per kilowatt/hour. The households will pay almost 39 drams per kilowatt/hour during night hours.

This decision triggered public backlash in the country. In early morning on Tuesday, the police responded to the backlash by chasing away Armenian citizens who gathered in Baghramyan Avenue for protest. 

 Some 240 protesters were taken to police stations and 25 were injured.  
 
After that, the peaceful protest resumed with renewed vigor, and demonstrators are in Baghramyan Avenue now. ---0----