As of Tuesday, the residents of Armenia will have to pay an average of 4.7 drams more for one kilowatt of electricity.

The respective decision by the Public Services Regulatory Commission—and which was made at the end of last year—enters into force today.

The main reasons for the increase in electricity prices in Armenia are the $270-million loan taken for the upgrading of the country nuclear power plant and Armenia’s unfulfilled obligations to the Russian Gazprom company.

To note, the fee for water supply has already risen in Armenia as of January 1, and the natural gas tariff is also expected to increase in the country—and most likely as of April 1.