YEREVAN. – Unless the Armenian authorities cancel the decision on electricity price rise, protest action of “No to Plunder” initiative will continue near president's residence.

As reported earlier, following a protest action on Friday, ‘No to Plunder’ initiative suddenly announced that they are launching a 3-day sit-in in the Liberty Square, setting a deadline for the authorities till 19:00 Monday evening.

The initiative members gave the authorities time till 7p.m on Monday to change the decision on electricity price. Otherwise, they will march to the president's residence.

Despite numerous actions against electricity price rise, Public Services Regulatory Commission confirmed the increase in electricity rate by 6.93 drams during the meeting on June 17. The Electric Netoworks of Armenia offered to increase price by 17 drams.