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TURMOIL AT ARMENIA'S FOREX MARKET TO IMPACT ELECTRICITY PRICES, BUT NO CHANGES PLANNED SO FAR
YEREVAN, December 17./ARKA/. Turmoil at Armenia's forex market will
surely impact prices for electricity, but no changes are planned so
far, Deputy Energy and Natural Resources Minister Areg Galstyan told
journalists on Wednesday.
Fever at the forex market began on November 24, when the U.S. dollar
soared 16.6 percentage points against the national currency to 435
drams hitting the record high in the last eight years. The dollar
continues its upward motion every day. Today it traded at 490.34 drams.
Galstyan said.
Iosif Isayan, his deputy, said that it depends on how large are
shortcoming in profits and retained profits and on degree of pressure
from volatility at forex market.
Yesayan said though adding that the regulator can change prices under
force-majeure circumstances.
The Public Services Regulatory Commission told ARKA News Agency today
that it has received no utility price rise authorization requests from
Armenian companies so far. Before August 1, 2014, Armenia's residents
paid 38 drams per one kilowatt-hour when they consumed electric power
in daytime and 28 drams in nighttime and now they have to pay 41.85
drams and 31.85 drams respectively. ($1 - AMD 490.34 ). ---0----
http://arka.am/en/news/society/turmoil_at_armenia_s_forex_market_to_impact_electr icity_prices_but_no_changes_planned_so_far/#sthash.ugB4gMXe.dpuf
YEREVAN, December 17./ARKA/. Turmoil at Armenia's forex market will
surely impact prices for electricity, but no changes are planned so
far, Deputy Energy and Natural Resources Minister Areg Galstyan told
journalists on Wednesday.
Fever at the forex market began on November 24, when the U.S. dollar
soared 16.6 percentage points against the national currency to 435
drams hitting the record high in the last eight years. The dollar
continues its upward motion every day. Today it traded at 490.34 drams.
Galstyan said.
Iosif Isayan, his deputy, said that it depends on how large are
shortcoming in profits and retained profits and on degree of pressure
from volatility at forex market.
Yesayan said though adding that the regulator can change prices under
force-majeure circumstances.
The Public Services Regulatory Commission told ARKA News Agency today
that it has received no utility price rise authorization requests from
Armenian companies so far. Before August 1, 2014, Armenia's residents
paid 38 drams per one kilowatt-hour when they consumed electric power
in daytime and 28 drams in nighttime and now they have to pay 41.85
drams and 31.85 drams respectively. ($1 - AMD 490.34 ). ---0----
http://arka.am/en/news/society/turmoil_at_armenia_s_forex_market_to_impact_electr icity_prices_but_no_changes_planned_so_far/#sthash.ugB4gMXe.dpuf