Deputy Minister of Energy and Natural Resources of Armenia Ara Simonyan said in the Parliament on 2 June the electric power tariff are regularly revised.
He outlined some problems in the energy sector, including low water in rivers. In fact, HPPs generate less electric power and TPPs have to fill that gap. However, thermal power is more expensive, the deputy minister explained. In addition, the investments of the last years must be returned though higher tariffs. These are the objective factors that necessitate revision of the tariffs, Simonyan said.
According to ArmInfo's information, an application will be made to the Public Services Regulatory Committee for increase of the electric power tariff to 45 drams per kWh instead of the current 38 drams. The tariff was already increased to 38 drams from 30 drams on 7 July 2013.