Increase In Prices For Electric Power In Armenia May Drive Food Pric

INCREASE IN PRICES FOR ELECTRIC POWER IN ARMENIA MAY DRIVE FOOD PRICES UP

YEREVAN, June 13. /ARKA/. Babken Pipoyan, the head of Informed and
Protected Consumer NGO, commenting today on the Public Services
Regulatory Commission’s intention to raise electric power prices,
said this increase may drive food prices up.

“Stores’ expenses will grow and they will be left with no option but
to raise prices for goods,” he said.

Speaking about frequent increases in electric power prices, Pipoyans
said that not a single increase had been justified and not a single
problem had been solved by raising electricity prices.

“Every time when power prices rise, either voltage fluctuations or
unexpected power disconnection remain and thing are not put right,”
he said.

The Public Services Regulatory Commission of Armenia is going to raise
consumer prices for electric power by 3.8 – 4.3 drams per one kWh
(including VAT) on August 1, 2014.

The Commission has already raised consumer prices for electric power
just one year ago from 30 drams to 38 drams per one KWh (including VAT)
for daytime consumption and from 25 drams to 28 drams for nighttime
consumption. The then decision took force on July 7, 2013.

($1 – AMD 412). –0—-

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