Armenian Electricity Rates Expected to Decrease by 3-4 Drams: Press

Armenia's Public Services Regulatory Commission has already calculated a new electricity tariff which is likely to come into force on August 1, 2016, local Haykakan Zhamanak newspaper reports, citing own sources.

“We know that electricity tariffs will decrease […] but will not drop below 45 drams per kWh. Currently, a kWh of electricity costs 48.8 drams, so the tariff will decrease by at most 3 drams. 

“In no way can this tariff be considered well-grounded: the thing is that last year electricity rates increased by nearly 7 drams to 'solve some financial problems in the power system.' These problems have already been solved, and even faster than expected; the tariff should therefore decrease by at least 7 drams. Besides, gas prices have also decreased, which has led to lower costs of electricity purchased from thermal power plants,” the paper writes.