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.