The press service of the Russian company «Inter RAO» has confirmed the receipt of the letter from the Armenian government with a list of companies selected by the Armenian side for the audit of «Electric Networks of Armenia». In Inter RAO, however, do not specify whether the Russian company is happy with the choice of the Armenian colleagues.
To disclose the names of the international audit firms that are expected to conduct an audit in Inter RAO is considered invalid, leaving the prerogative to the government. Also, Inter RAO says that the response to the letter received from Armenia is currently under consideration, but yet it’s hard to specify the day of delivery. In her turn, the press secretary of «Armenian Electric Networks» (a subsidiary of Inter RAO) Natalya Sarjanyan, has told RUSARMINFO that “Electric networks” will additionally announce the timing and name of the company to conduct the audit. Sarjanyan also says that now they are working to develop a mechanism for the payment of services at the new price, adding that it is still not clear how the receipt will display the amount paid by the user himself, and the amount that is paid by the state.
Prior to the audit completion scheduled for «Electric Networks of Armenia», the government will pay the extra 7 AMD per kW / h .: about 2.5 — 3 bln drams per month (about $ 6 million).
On August 1, 2015 the decision of the Commission on Regulation of Public Services of Armenia (PSRC) to increase electricity tariffs came into force. The Armenian government will compensate for the increased tariffs before the end of the audit in the company of «Electric Networks of Armenia». The decision of the President of Armenia to conduct an independent audit of CJSC «Armenian Electric Networks» (a subsidiary of INTER RAO) was adopted as a result of mass protests in Yerevan and other cities of the country in which it was demanded to cancel the decision of the PSRC of June 17, based on the suggestion of «Electric Networks of Armenia», to increase the electricity tariff by 7 drams (about 7 cents) per kW / h.