When you thought electricity prices were already high..

According to an article in today’s issue of Politis newspaper there will be an additional increase in the price of electricity because of yesterdays blackout. The article is based on a statement by the director general of EAC Stelios Stylianou who stated that an announcement will be made today regarding the reasons for the blackout. For the time being it is thought to have been caused by a disruption of the connection from the electricity network in the occupied areas. The final word regarding a possible increase will be decided by the Cyprus Energy Regulatory Authority in order to accommodate for the increased demand of the summer months by either operating all units at the Vasiliko power station, or reconnecting to the network of the occupied areas or buying new more expensive generators.