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ARMENIAN CONSUMERS SHOULD TIGHTEN THEIR BELTS, PRODUCERS- INCREASE COMPETITION: ECONOMIST
YEREVAN, June 13./ARKA/. Armenian consumers should review their
expenses, and producers should foster better competition as the natural
gas and electricity prices are set to increase in the country, thinks
economist Vilen Khachatryan.
Armenia's Public Services Regulatory Commission set new tariffs for
gas and electricity on June 7. They will enter into force on 7 July.
>From now on, the consumers who use up to 10,000 cubic meters of
gas per month will have to pay 156,000 drams per 1,000 cubic meters
(including VAT).
The current gas tariff for those who use up to 10,000 cubic meters
is 132,000 drams per 1,000 cubic meters.
The new day-time electricity tariff will be 38 drams per 1kWh
(including VAT) instead of the current 30 drams, and night-time tariff
-28 drams (including VAT) instead of the current 25 drams.
"In order to ease the effects of an increase in gas and electricity
tariffs, inflation, the consumers should review their expenses,
clearly classify the groups of income and expenses," Khachatryan told
reporters on Thursday.
He clarified he is not a fan of such measures, but as the matters
are now, they could be a temporary solution.
The situation could be also mitigated through better competition
between producers.
The consumer basket of Armenia rose by 6.3% in 1Q 2013 from a
quarter earlier to 55, 347.3 drams as of March. -0- - See more at:
http://arka.am/en/news/society/armenian_consumers_should_tighten_their_belts_prod ucers_increase_competition_economist/#sthash.4BvItN2y.dpuf
YEREVAN, June 13./ARKA/. Armenian consumers should review their
expenses, and producers should foster better competition as the natural
gas and electricity prices are set to increase in the country, thinks
economist Vilen Khachatryan.
Armenia's Public Services Regulatory Commission set new tariffs for
gas and electricity on June 7. They will enter into force on 7 July.
>From now on, the consumers who use up to 10,000 cubic meters of
gas per month will have to pay 156,000 drams per 1,000 cubic meters
(including VAT).
The current gas tariff for those who use up to 10,000 cubic meters
is 132,000 drams per 1,000 cubic meters.
The new day-time electricity tariff will be 38 drams per 1kWh
(including VAT) instead of the current 30 drams, and night-time tariff
-28 drams (including VAT) instead of the current 25 drams.
"In order to ease the effects of an increase in gas and electricity
tariffs, inflation, the consumers should review their expenses,
clearly classify the groups of income and expenses," Khachatryan told
reporters on Thursday.
He clarified he is not a fan of such measures, but as the matters
are now, they could be a temporary solution.
The situation could be also mitigated through better competition
between producers.
The consumer basket of Armenia rose by 6.3% in 1Q 2013 from a
quarter earlier to 55, 347.3 drams as of March. -0- - See more at:
http://arka.am/en/news/society/armenian_consumers_should_tighten_their_belts_prod ucers_increase_competition_economist/#sthash.4BvItN2y.dpuf