Armenian regulator raises electricity prices
YEREVAN, December 29. /ARKA/. Armenia's Public Services Regulatory Commission (PSRC) has approved today a 3 dram rise in electricity prices. It said the new prices come into force on February 1, 2021.
According to the regulator's decision, the rise will apply to households, which consume more than 400 kWh per month. According to some estimates, they make 10% of all households across the country.
The price will rise for them to 47.98 drams for daytime electricity and to 37.98 drams for night time electricity.
The prices for socially disadvantaged strata of the population, according to the government's decision, will be 29.99 drams and 19.99 drams per 1 kWh respectively.
Currently, Armenian households pay 44.98 drams per 1 kWh for daytime consumption (from 7 am to 11 pm) and 35 drams for night time consumption (from 11 pm to 7 am).
The PSRC explained the rise by a financial gap that emerged after the revision of tariffs of large power generating stations.
Armenia’s national power distribution company- Electric Networks of Armenia - is owned and run by Tashir Group of Companies, owned by a Russia-based billionaire of Armenian origin Samvel Karapetyan, who acquired the facility from the Russian energy holding Inter RAO UES in September 2015. ($1 - 523.25 drams). --0--
