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