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No one supports the idea of increasing the electricity prices, head of the Republican Party of Armenia (RPA) parliamentary faction Vahram Baghdasaryan told reporters, commenting on the decision of the Public Services Regulatory Commission (PSRC) to increase the electricity tariffs in Armenia from August 1, 2014. 

At the same time, the MP stressed that the electricity price hike is inevitable, adding that the PSRC’s decision is well grounded and the necessity to increase the tariffs was proved by experts.

However, according to him, if some dispute such a necessity, they are prepared to hold discussions and present the appropriate arguments.

As for concerns about a further increase in the electricity tariffs within the next one year, Mr Baghdasaryan noted, “We will seek a revision and decrease of the tariffs within a year, when there will be some changes in the system and the loss will be partially compensated.”