Armenian government to subsidize energy price hike by Sept 20

Armenian government to subsidize energy price hike by Sept 20

PanARMENIAN.Net - The Armenian government will subsidize the AMD 6.93 electricity tariff hike by September 20, Minister of Energy and Natural Resources said.

As reports quoting Yervand Zakharyan, corresponding calculations are currently underway with the Electric Networks of Armenia (ENA) and Public Services Regulatory Commission (PSRC).

“Volume of power consumption by the population and small and medium-sized businesses will be calculated by the end of the week, with compensation to be paid by September 20,” he said.

Deputy PM, Minister of International Economic Integration and Reforms Vache Gabrielyan said that the first stage of consultations at PSRC will conclude in late September, and the second and third stages are expected to wrap up in late October and late November respectively.

Gabrielyan said that Deloitte – the company that provides consulting services to PSRC– has already started working.


Electric Networks of Armenia (ENA) submitted a bid to the Public Services Regulatory Commission (PSRC) demanding to raise energy price by AMD 17 ($0.036). During the June 17 session, PSRC partially satisfied the bid raising the tariffs to AMD 6,93 ($0.0146) from August 1, causing major public outrage.

On June 19, members of the initiative “No to Plunder” started a sit-in protest at Freedom Square. On June 22, demonstrators headed towards the presidential headquarters on Baghramyan Avenue. The police, however, blocked the part of the street on the way to the President’s residence. The rally participants decided to continue the protest right in front of the police cordons. After a 10-hour sit-in, the police called on the demonstrators to leave the area, using water cannons to disperse the protesters.

Not only protesters but also journalists and operators covering the rally were subjected to the police violence: 237 people were detained and released later. The attitude of the police enraged the public: thousands gathered at Baghramyan Avenue demanding to cancel the Commission’s decision on energy price hike. Countless demonstrators spent several nights at the campaign venue.

Armenian President Serzh Sargsyan issued a statement on June 27 informing that an audit will be conducted at ENA, with the government to cover the costs of the tariff hike. He called on the protesters to clear the Avenue, but the demonstrators stayed put. After a discussion with picketers, “No to Plunder” coordinating group members decided to continue the protest at Freedom Square. Many demonstrators, however, disagreed. Thus, some of the protesters moved to Freedom Square, while the majority remained on Baghramyan Avenue, determined to go on until the Commission’s decision is cancelled, rather than suspended.

 Top stories
From September 21 to November 11, a total of 2,820 Russians registered at a place of residence in Armenia, the police has said.
The situation on the contact line between Karabakh and Azerbaijan was relatively stable overnight, the Defense Army says.
Defense Minister Suren Papikyan has visited the southern Armenian province of Syunik, the Defense Ministry reported on March 18.
Armenia has registered Covid-19-related deaths in 23 vaccinated individuals so far, according to Health Minister Anahit Avanesyan.
Partner news