ARMENIA EXPECTS INCREASE IN ELECTRICITY PRICES

Vestnik Kavkaza, Russia
March 24 2015

24 March 2015 – 1:17pm

The Electric Networks of Armenia (ENA) will be petitioning the Public
Services Regulatory Commission (PSRC) within one month with a formal
request to increase the price of electricity in the country, Haykakan
Zhamanak daily reports.

“It is not known how much the ENA will propose raising prices, but the
PSRC, most likely, will increase the electricity price by 5-7 drams,
thus the electricity price will go up by around 15-16%, Day.Az reports.

“The electricity price hike is due to the fact that an extreme
situation has been created throughout our energy system. The whole
system is buried up to its throat in debt. According to the Minister
of Energy and Natural Resources, Yervand Zakharyan, the debt of the
energy system has reached $600 million,” Haykakan Zhamanak writes.

From: Emil Lazarian | Ararat NewsPress