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Government Official Signals Plans For Another Electricity Tariff Ris

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  • Government Official Signals Plans For Another Electricity Tariff Ris

    GOVERNMENT OFFICIAL SIGNALS PLANS FOR ANOTHER ELECTRICITY TARIFF RISE IN ARMENIA

    ECONOMY | 18.12.14 | 10:13

    http://armenianow.com/economy/59454/armenia_electricity_tariff_deputy_minister

    Armenia's deputy minister of energy and natural resources said on
    Wednesday the depreciation of the national currency will lead to an
    increase in electricity tariffs.

    Speaking at a press conference in Yerevan, Areg Galstyan said: "What
    we have witnessed in the past month will have its direct impact on
    our calculations and approaches."

    Asked if there were any measures to avert the rise in electricity
    prices, the deputy minister said that "no one can answer the question
    now".

    "But one thing is clear, the influence will be unavoidable," he said.

    The electricity tariff was already raised twice in Armenia in the past
    two years. In July 2013 the Public Services Regulatory Commission
    increased it by 27 percent, with an additional 10-percent increase
    approved a year later. At present, households in Armenia pay 41.85
    drams per kilowatt of electricity (31.85 drams for night hours).

    The dollar that traded in Armenia at around 410-415 drams as recently
    as mid-November rose to 570 drams today.

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