YEREVAN. – The price of electricity in Armenia will rise by 3.85 drams (approx. $0.01).

Robert Nazaryan, Chairman of the Public Services Regulatory Commission, on Wednesday told the aforesaid to reporters in the National Assembly.

Nazaryan had earlier stated that this price increase, which is a 10-percent increase from the current price, may enter into force on August 1. According to him, the respective decision will be made in a foreseeable future, and during the Commission session.   

As per Robert Nazaryan, the Commission has looked into the relevant companies’ petitions with a request to increase the electricity prices in Armenia.