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Haykakan Zhamanak: More Hike In Electricity Prices Expected Next Spr

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  • Haykakan Zhamanak: More Hike In Electricity Prices Expected Next Spr

    HAYKAKAN ZHAMANAK: MORE HIKE IN ELECTRICITY PRICES EXPECTED NEXT SPRING

    09:30 * 02.07.14

    Commenting on the Public Services Regulatory Commission's Tuesday
    decision to raise the prices of electric power, the paper says that
    a further hike is highly likely next spring.

    With the Nuclear Power Plant expected to close for repairs for about
    two years, the per kilowatt price for energy will this time surge by
    8-10 Drams ($0.019 - $0.024), claims the paper.

    "Against the backdrop of the tariff surge, the property owned by the
    Public Services Regulatory Commission's members and their closest
    people acquires a special charm," says the paper, noting that the
    Commission's chairman, Robert Nazaryan, is almost officially a
    millionaire, with declared income worth 0.5 million US Dollars.

    The paper says that Nazaryan annually receives 8.180 million Drams
    (over $20,000) from the state budget to approve proposed hikes in
    different service prices.

    Armenian News - Tert.am

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