Romanos Petrosyan, interim administrator of the Electric Networks of Armenia (ENA), revealed that more than 1 million kWh of electricity was under-recorded in just one branch of ENA, due to miscalculations in feed-in energy from solar power plants.
According to him, two separate grid networks within the Araks branch in Artashat registered significant discrepancies in the amount of electricity fed into the distribution system by autonomous power producers (solar plants). Specifically, over 817,000 kWh were under-reported, pushing the recorded loss for September in that grid from 7.79% (August) to 18.93%—a spike of 11.14%.
Interestingly, last year's September report showed an identical loss rate of 7.31%, matching the predefined target, submitted to the Public Services Regulatory Commission (PSRC) per the official schedule.
The misrecordings affect approximately 769 consumers (individuals and legal entities), who had already received payments from ENA as of May 1 for their net positive feed-ins at the minimum annual rate of 13.17 AMD per kWh. However, since it's practically impossible to determine whether the under-recorded energy was generated and returned before or after May 1, the 817,181 kWh discrepancy could lead to major financial losses for ENA if compensated again.
Petrosyan stated that a formal report has been submitted to the Prosecutor General’s Office, and a letter was sent to the PSRC chairman, requesting that the findings be addressed through the ongoing administrative proceedings.
He noted that inspections and targeted audits are continuing in other branches and networks across the ENA.
Meanwhile, businessman and philanthropist Samvel Karapetyan, currently under two-month detention, has won an emergency arbitration case in Stockholm’s Chamber of Commerce. The July 22 ruling obligates the Armenian government to halt the application of recently adopted energy and regulatory laws to ENA and to stop any further actions aimed at its expropriation.
The Armenian government responded, stating that the arbitration case pertains to different issues than the objectives of appointing an interim manager, and while respecting the ruling, it emphasized the supremacy of domestic law.
