June 7, 2013 - 16:07 AMT
PSRC confirms electricity tariff increase: AMD 38 per 1 kilowatt

Public Services Regulatory Commission (PSRC) confirmed an increase of electricity tariff – AMD 38 per 1 kilowatt (up from AMD 30 per kilowatt.)

Nighttime tariff will amount to AMD 28 (up from AMD 20 per kilowatt.)

The ruling will come into force on July 7, 2013.

As the head of the tariff policy department at PSRC Garegin Baghramyan told a May 23 news conference, the increase in electricity tariffs is prompted by a price hike for gas used in production, as well as the nuke power plant-related security fears, and increase of salaries in view of a recent personnel drain.