Armenian MP rules out gas price surge
The chairman of the Armenian National Assembly’s Standing Committee on Economic Affairs says the legislative is not considering any changes in the natural gas tariffs despite an earlier statement made by the head of the Public Services Regulatory Commission.
In the meantime, Vardan Ayvazyan (Republican Party) admits that the plan to leave the price unchanged is unrelated to a possible surge in the electricity tariffs. “At the last round of negotiations that the government conducted, it was stated definitively that the Public Services Regulatory Commission had not received any bid on raising the gas tariffs. And the law clearly states that the corresponding initiative has to be agreed mutually: either by the Public Services Regulatory Commission, which may change the tariffs considering these components, or the supplying company.
“There is no bid as of today, and based on the preliminary data I possess as a National Assembly member, I can say that we do not and are not going to have any change in the natural gas prices in the near future,” Ayvazyan explained.
He further elaborated on the causes of the electric power price surge. “Every 10 Drams in the Dollar-Dram ratio is overload amounting to 1.7 billion Drams for the system, because you pay in Dollars. The Dollar exchange rate in the tariff plan is 416 Drams [per currency unit], whereas the Dollar today trades at 478 Dreams. The Public Services Regulatory Commission has no influence other than approving the program and hearing the report,” the Committee’s chairman added.
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