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

As Panorama.am 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.