Tariff

Tariff Setting Methodology

The PSRC establishes the procedures for setting and reviewing tariffs. According the Energy Law, the PSRC can either set the specific monetary value of the tariff or establish a clear formula for calculating the tariff based on parameters defined in the Energy Law. According to the Energy Law, a tariff should cover:

  • Justified operation and maintenance costs;
  • Loan service costs;
  • Costs related to environmental standards;
  • Mothballing and preservation costs;
  • Costs of the safe keeping of the utilized nuclear fuel and requisite allocations to the Nuclear Plant Decommissioning Fund;
  • Technical and commercial losses;
  • Other justified costs as provided by Legislation.

The tariff should also provide the operator with the opportunity to make a reasonable profit. The tariff review request can be initiated either by the power sector companies or unilaterally by PSRC if economic circumstances in the sector have changed and warrantee revision to avoid jeopardizing the financial health of the sector.

Electricity tariff for renewable energy sources were set in 2019 by Public Services Regulatory Commission. According to the current regulation tariffs are annually updated based on the specified methodology.

Small Hydro Power Stations

  • Electricity  tariff supplied from SHPP  that are built on natural water streams is 26.185 / AMD kW/h , VAT excluded,
  • Electricity  tariff supplied from SHPP  that are built on irrigation systems is 17.454 AMD /kW/h , VAT excluded,
  • Electricity  tariff supplied from SHPP  that are built on natural drinking sources is 11.637  AMD kW/h , VAT excluded,

Wind 

  • Electricity tariff supplied from wind farm is 47.013 AMD kW/h, VAT excluded. official site

 Biomass

  • Electricity tariff for power generated  from biomass is 47.013 AMD kW/h, VAT excluded.

Solar 

  • Electricity tariff for power generated  from solar PV is 47.013 AMD kW/h, VAT excluded.
Year Small Hydro Power Stations
natural water streams
AMD kW/h
irrigation systems
AMD kW/h
natural drinking sources
AMD kW/h
2018 23.805 15.867  10.579 
2017 23.753  15.832  10.556 
2016 23.631  15.751  10.502 
2015 21.168  14.110  9.408 
2014 21.061  14.039  9.361 
2013 20.287  13.523 9.017 
2012 19.551  13.033 8.690
2011 19.28  12.853  8.57 
Solar
AMD kW/h
2018 42.739
2017 42.645
Wind Farm
AMD kW/h
2018 42.739
2017 42.645
2016 42.426
2015 45.600
2014 37.007
2013 35.339
2012 34.957    
2011 33.756 
Electricity from Biomass
AMD kW/h
2018 42.739
2017 42.645    
2016 42.426    
2015 40.542     
2013 38.856     
2012 37.447    
2011 36.928 

The Public Services Regulatory Commission of RA, discussing the above-mentioned issues, has decided:

For electricity sold by Armenian Electric Networks closed joint stock company to the consumers to fix the following tariffs (including VAT /value added tax.

1) For consumers (including population /residential sector/) feeding from 0,38 kV voltage networks:
a) day time tariff: 44.98 AMD/kWh,
b) night time tariff (2300  – 700)` 34.98 AMD/kWh

2) For consumers feeding from 6(10) kV voltage direct cells`
a) day time tariff: 41.98 AMD/kWh,
b) night time tariff (2300  – 700)` 31.98 AMDkWh,

3) For consumers feeding from 35 kV and high voltage cells

a) day time tariff: 32.98 AMD/kWh,
b) night time tariff (2300  – 700)` 31.98 AMD/kWh