In early May, the Electric Networks of Armenia (ENA) joint-stock company (a subsidiary of Russian RAO UES International) submitted a request to Armenia’s state regulatory commission for a fee increase for retail customers. Currently, there is a two-tier price system, with 42 Armenian dram (about 9 cents—1 US dollar equals 477 Armenian dram) per kilowatt-hour (kWh) consumed between 7 a.m. and 11 p.m., and 32 dram per kilowatt-hour between 11 p.m. and 7 a.m. ENA’s recent request suggested a fee increase of an extra 17 dram per kWh. ENA is a monopolist and holds an exclusive license to distribute electricity …read more
Source: The Jamestown Foundation