Georgia signs memorandums with Inter RAO, Energo-Pro to lower electricity rates
TBILISI. Dec 25 (Interfax) - Georgia's Energy and Natural Resources Ministry has signed memorandums with Russia's OJSC Inter RAO UES and Czech firm Energo-Pro under which electricity rates in the country will be lowered by GEL0.035 for consumers who use up to 300 kWh of electricity per month, the ministry said in a press release.
The memorandums will be in effect for three months.
"This category covers 90% of the customers of these companies, electricity rates for whom will not be raised for the next few months," the ministry said.
Customers of Inter RAO's Tbilisi power company Telasi who use up to 100 kWh of electricity per month will pay GEL0.0994 per kWh and those who use up to 301 kWh will pay GEL0.1246, down from the current GEL0.1348 and GEL0.16 respectively.
Customers of Energo-Pro (former United Electricity Distribution Company) who use up to 100 kWh of electricity per month will pay GEL0.0944 per kWh and those who use up to 301 kWh will pay GEL0.1298, down from the current GEL0.1298 and GEL0.1652 respectively.
Rates will not change for customers who use more than 301 kWh per month.
The ministry also said that a decision will be made at the next government meeting to reduce the rates of Kakheti Energy Distribution, which is owned by Lithuania's Arema Group, will be brought down to the level of Energo-Pro Georgia with subsidies.
