Yerevan, April 22 – The Public Services Regulatory Commission of Armenia (PSRC) has approved a significant reduction in fees for connecting new subscribers to the electricity network and for increasing existing capacities. This decision, announced by Romanos Petrosyan, interim manager of the Electricity Networks of Armenia (ENA), is set to alleviate financial burdens for both individuals and legal entities.
Significant Reductions for New Connections and Capacity Increases
During its session today, the PSRC decided to decrease the connection fees for new subscribers to the ENA distribution network by up to 40%. This reduction applies to both physical and legal entities seeking to connect to the electricity consumption system. Furthermore, fees for increasing electricity capacities or connecting new capacities will see an even more substantial reduction, by up to 55%.
Romanos Petrosyan shared this development on his Facebook page, highlighting the citizen-centric nature of the reform. “The decision will come into force the day after its publication (presumably tomorrow),” Petrosyan stated. He extended his gratitude to both the PSRC and the entire staff of ENA for their efforts in implementing this crucial reform, concluding with, “Congratulations to all of us.”
Impact on Consumers and Businesses
This move is expected to have a positive impact on the Armenian economy, particularly for new businesses and residential developments. Lower connection costs can stimulate investment, reduce operational expenses for enterprises, and make electricity more accessible for new households. The reduction in fees for capacity increases will also benefit existing businesses looking to expand their operations, as they will face lower costs for upgrading their power infrastructure.
The reform reflects a broader effort by the Armenian authorities to improve public services and create a more favorable environment for economic activity. By making electricity connections more affordable, the government aims to support growth and development across various sectors.
Details of the Decision
The decision by the PSRC was made during its regular session, where regulatory matters concerning public services are addressed. While the specific details of how the percentage reductions will be applied to different categories of consumers and capacities are yet to be fully disclosed, the general announcement indicates a comprehensive approach to lowering these costs.
The prompt implementation of the decision, expected to be effective immediately after its official publication, underscores the urgency and importance placed on this reform. Stakeholders, including businesses, developers, and individual consumers, are encouraged to monitor official announcements for the full details of the new tariff structure.
Future Outlook
This initiative is part of ongoing efforts to modernize and optimize Armenia’s energy sector. The ENA, under the interim management of Romanos Petrosyan, appears committed to implementing reforms that benefit the public and contribute to the country’s economic stability and growth. The collaboration between the PSRC and ENA in achieving this outcome highlights a coordinated approach to addressing key public service challenges.
The reduction in electricity connection fees is a welcome development that is anticipated to foster a more dynamic and accessible energy market in Armenia, ultimately supporting both individual citizens and the broader economic landscape.
Source: https://www.golosarmenii.am/arm/%D5%B8%D6%80%D5%B8%D5%B7%D5%BE%D5%A1%D5%AE-%D5%A7-%D5%B0%D5%A7%D6%81-%D5%AB-%D5%B6%D5%B8%D6%80-%D5%A2%D5%A1%D5%AA%D5%A1%D5%B6%D5%B8%D6%80%D5%A4%D5%B6%D5%A5%D6%80%D5%AB-%D5%B4%D5%AB%D5%A1%D6%81%D5%B4/
