(Read full article on arka.am)
On February 1, 2022, a program of gradual liberalization of the energy market of Armenia will start, Deputy Minister of Territorial Administration and Infrastructures of the Republic of Armenia Hakob Vardanyan told ARKA news agency within the framework of the presentation of the Program of Market Liberalization and Electricity Trade.
According to Vardanyan, the global market liberalization process began in 2018 and is currently at the final stage. For the implementation of the program, the United States Agency for International Cooperation (USAID) provided Armenia with a grant of $ 8.5 million.
“From February 1, 2022, a phased liberalization should begin, which means that some stations will no longer have a tariff set by the PSRC, but will start selling their electricity at a price formed as a result of supply and demand in the market. They will become participants in the wholesale market. , whose subjects will acquire this electricity in market conditions,” he said.