Water Price Will Remain the Same for Private Citizens in Yerevan

Water price for private citizens in Yerevan will remain the same.

Public Services Regulatory Commission of the Republic of Armenia (PSRC) had by a recent decision approved the proposal by Yerevan Jur (Water) company from July 8 on to raise the water price up to 195 AMD per cubic meter instead of the previous 181 AMD.

But the good news is that the Yerevan City Hall has decided to subsidize the water price for 14 AMD which means that the private citizens will pay the current price – 181 AMD.

Interestingly, Yerevan Jur was proposing to raise the price for 1 cubic meter by 14% which would see the price go up to 207 AMD. But by studying different factors that may affect the water price, such as the scale of the water sold, inflation, euro-dollar exchange rate fluctuations, PSRC considered the proposal ungrounded and came to the conclusion that the above mentioned factors might not result in 26 AMD rise in water price but rather in 14 AMD.