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Three Price Increases At Once

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  • Three Price Increases At Once

    Three price increases at once

    A1+
    [07:10 pm] 24 February, 2009

    On February 27 the Public Services Regulatory Commission will discuss
    the prices for gas, water and electricity all at once. The "Electric
    Networks of Armenia", "ArmWaterSewerage" and "ArmRusGazard" companies
    are offering to raise prices starting from April 1.

    The "Electric Networks of Armenia" CJSC offers 30 drams for 1 kw/hour
    during the day and 20 drams for 1 kw/hour at night.

    "ArmRusGazard" offers the Public Services Regulatory Commission 99
    drams for one cubic meter of gas instead of the existing 84 drams.

    "ArmWaterSewerage" offers 168.98 drams for one cubic meter of drinking
    water instead of the 115.65 drams. The company offers 28.35 drams for
    one cubic meter of sewerage instead of the 24.35 drams. The increase
    of prices makes up 40.9%. "ArmWaterSewerage" validates the offers
    taking into account the amount of subsidy given by the RA state budget,
    which makes up 863.36 million drams compared to the existing 1366.49
    million drams.

    During an interview with "A1+" Head of the Consumers' Union Abgar
    Yeghoyan said that residents will have to save their money wisely if
    prices go up. For example, this means not using too much light.

    According to him, the rise of prices will not lead to a social
    outbreak.

    "We are rather resistant and restricted, but it will hit citizens hard,
    especially during the current financial crisis."
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