PSRC won't revise electricity price hike despite mass protests

PanARMENIAN.Net - Public Services Regulatory Commission (PSRC) of Armenia will not revise its decision on electricity price hike coming into force August 1, 2015 despite mass protests in Yerevan.

"We do not make decisions that require adjustments," spokesperson for PSRC Mariam Stepanyan said, according to Interfax.

She noted that PSRC is an independent entity that makes economically sound decisions as a result of lengthy discussions.

"The issue of the social burder is beyond the Commission's responsibility. It is necessary to maintain the economic balance: reliable and high quality service requires commensurate payments," Stepanyan said.

An Electric Networks of Armenia (ENA) CJSC representative also stated that the company does not consider withdrawing its application for electricity tariff hike.

"Our company is not the only problem. Power-generating companies of Armenia have also applied to PSRC for tariff increases," ENA spokesperson Natalya Sarjanyan said.