YEREVAN. – As of February 1, 2017, the electricity prices in Armenia will reduce for all consumers.

The Public Services Regulatory Commission adopted this decision at its meeting on Friday.

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Accordingly, daytime electricity tariff will be 44.98 drams (a reduction of 2.6%) while the nightly rate will be 34.98 drams per kilowatt, for households.

The daytime tariff for socially disadvantaged families will be 40 drams (a reduction of 13.4%), and the nightly rate will be 30 drams per kilowatt.

Large electricity consumers’ daytime tariff will be 33.48 drams (a reduction of 3.5%) while the nightly rate will be 29.48 drams per kilowatt, in case of a 110kilowatt voltage.

Daytime tariff will be 35.98 drams (a reduction of 3.3%) while the nightly rate will be 31.98 drams per kilowatt, in case of a 35kilowatt voltage.

And daytime tariff will be 41.98 drams (a reduction of 2.8%) while the nightly rate will be 31.98 drams per kilowatt, in case of a 6(10)kilowatt voltage.

At present, US$1 is equivalent to approximately 481 drams.