Electricity prices in Armenia remain unchanged - PSRC decision

YEREVAN, December 28. /ARKA/. Armenia's Public Services Regulatory Commission (PSRC) has left unchanged the electricity prices for all categories of consumers.

"After analyzing all positive and negative factors influencing the cost of electricity supplied to consumers by Electric Networks of Armenia, it was decided to leave the current prices unchanged," the PSRC said in a statement.

The regulator said also it has revised prices for large power generating plants and service companies operating in the power system, which will take effect on February 1, 2023.

The cost of one kWh of electricity was already raised in February 1 this year by 4.7 drams. Currently, the daytime price of electricity (from 7am to 11 pm) for socially vulnerable families (about 11% of households ) is 29.99 drams and 19.99 drams for the rest of the day, while for other categories of citizens it is 44.98 drams and 34.98 drams respectively.

For other consumers the range of the daytime price is from 41. 98 drams to 50.48 drams and from 37.98 to 40.48 drams during nighttime hours.

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 - $393.60). --0--