“We are going to implement radical actions using all our rights stated by the laws,” the statement said.
The Armenia’s Public Services Regulatory Commission it had received an application from the monopoly electricity company Electric Networks of Armenia to increase the cost of electricity by 40%.
The Commission said it was likely to agree the price rise by June 17, although it did not say whether it would approve the full 40% increase. It said electricity imports have become more expensive because of the falling value of the Armenian dram. Hydroelectric power generation has also dropped because of dry weather.
The parliament plans to debate the price rises on June 12 and the government has said it will subsidise the increase for the poorest families.
ENDS
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(News report from Issue No. 235, published on June 11 2015)