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Electricity Tariffs To Remain Unchanged Until 2009

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  • Electricity Tariffs To Remain Unchanged Until 2009

    ELECTRICITY TARIFFS TO REMAIN UNCHANGED UNTIL 2009

    ARMENPRESS
    April 16, 2008

    YEREVAN, APRIL 16, ARMENPRESS: Energy minister Armen Movsisyan said
    Tuesday electricity tariffs will remain unchanged until the end of
    the year. His remarks came after prime minister Tigran Sarkisian
    announced an end of government subsidy to population and enterprises
    for natural gas tariffs Speaking at a news conference energy minister
    said the president and the prime minister gave concrete instructions
    to develop such regimes within the power grid system that will keep
    electricity price unaffected by the imminent rise of natural gas
    price from next month.

    ArmRosGazprom (ARG), the national gas operator, will enact new prices
    from May 1, which were approved by the Public Services Regulatory
    Commission (PSRC).

    Armenian households and enterprises will not get compensations as
    they did since 2006 January when the government transferred $188
    million to ARG to cover higher gas price set by Russian supplier,
    which rose it from $56 per one thousand cubic meter to $110.
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