Friday, June 24 2016 06:50

 Public Service Regulatory Committee has approved the electricity price for final consumers by 2.58 drams or 5.9%. 

According to the watchdog's decision adopted today on June 24, both the day and night prices will be reduced by 2.58 drams to 46.20drams (from 48.78drams) and 36.20drams (from 38.78drams) respectively. The decision will come into force on August 1.  For the consumers using 35KV electric power, the price will be reduced from 39,78 drams to 37.20 drams for daytime and from 35.78 drams to 33.20 drams for nighttime. The consumers using 110KV electric power (mostly industrial enterprises), the daytime price will be reduced from 37.27 dram to 34.70 drams and the nighttime one - from 33.28 drams to 30.70 drams.  

The Committee disseminated a statement wherein it says that it has recalculated the tariffs of the big power generating plants, the service providers in the energy market and the Electric Networks of Armenia CJSC considering the power generation balance for Aug 12016 -Aug 1 2017, import and export of electric power, the change of the gas price, heat power, and other factors. 

Earlier, in August 2015, the electricity price for the population of Armenia was increased by 16%, which sparks large-scale protests in Yerevan and throughout the country. 
On May 31, the Public Services Regulatory Commission of Armenia (PSRC) made decision on changes in the gas tariffs. The new terms will come into force on 1 July 2016. The gas tariff for the Armenian consumers will decline by 9.3 AMD per 1 cu m. Tariffs for households consuming up to 10 thsd cu m of gas per month was reduced from 156 to 146.7 AMD per 1 cu m.  The gas tariff for the subscribers consuming over 10 thsd cu m of gas reduced from 276.98 to 257.56 USD in AMD equivalent (at the AMD/USD exchange rate as of the 25th day of the previous month. The tariff includes VAT).