Gas and electric power tariffs will rise 18.2% and 26.7%, respectively, in Armenia starting July 7 2013, the Public Services Regulatory Committee of Armenia adopted a relevant decision, Friday. Head of the PSRC Department for Tariff Policy Garegin Baghramyan says that the Committee adopted the decision on the basis of ArmRusgasprom Company's application for revision of the gas tariff and satisfied it partially. Thus, the gas price for the consumers using up to 10,000 cu m of gas monthly will total 156,000
drams per 1,000 cu m instead of the current 132,000. For those who consume over 10,000 cu m of gas monthly, gas tariff will rise to $276.98 instead of the current $243 per 1,000 cu m (up 14%).
Tariff for services of the operator will be increased from the current 20.618 drams for transportation of every 1,000 normal cu m of natural gas to 25.637 drams. Tariff for distribution of natural gas will rise from the current 13709.698 drams per 1,000 normal cu m of natural gas to 19278.021 drams.
Tariff for transportation of natural gas will rise from the current 6948.266 drams per 1,000 normal cu m of gas to 9806.045 drams. Baghramyan said with the rising gas price, PSRC adopted a decision to increase also electric power tariff as the expenditures of power generating companies will grow. Thus, in daytime, the electric power tariff for the population will make up 38 AMD per 1 kWh instead of the current 30 AMD and at nighttime the tariff will rise to 28 AMD instead of the current 25 AMD. For commercial users, the tariff will rise to 29-35 AMD per 1 kWh at daytime and 25 AMD at nighttime instead of the current 21-35 AMD per kWh daytime and 17 AMD per 1 kWh for nighttime depending on the volume of consumption. ArmRusgasprom applied to the PSRC for rise of the gas tariff from current 132,000 drams to 221,000 drams per 1,000 cu m - 67.4%. Starting April 1 2013 Armenia has been purchasing gas from Gazprom OJSC for $270 per 1,000 cu m instead of the previous $180. The Government of Armenia is to
subsidize the rising gas tariff by 30%. As a result, the Russian gas price on the border is $189. (The exchange rate of the Armenian CB for June 7 is 414.92 AMD/1USD) .