A new price reduction, of around 8%, was announced by the Electricity Authority Cyprus (EAC), recording an overall decrease of 15% in the past two months due to lower fuel costs. However, after announcing a reduction in the price of electricity, the Director of the authority, Stelios Stylianou, pointed out that the prices in the […]
According to the Electricity Authority of Cyprus unions, it’s been decided that tomorrow they are not planning to cut electricity supply. Tomorrow the House of Representatives will convene to vote for the bill for the privatizations. According to union representatives the decision for uninterrupted power, is a gesture to allow the state to operate smoothly […]
Following the statements of the Minister of commerce earlier this morning he announced that from 1st April 2013 electricity rates will decrease by 5.75%. Exiting the meeting he had today with the president and other authorities, Mr George Lakkotripis said that they are planning to reduce the cost by another 3%. He emphasized the difficulties since […]
The electricity consumption by Turkish Cypriot residents of Pyla and other areas bordering the buffer-zone has summed up to 1 158 243 euro for 2011 alone. Electricity Authority Cyprus is accounting losses for hundreds of millions since 1974 for unpaid electricity bills by Turkish Cypriots. Moreover part of the free electricity provided to the occupied […]
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.
Will be able to carry 2000 MW of electricity putting an end to Cyprus’s energy isolation from the Europe and Asia.
A euro fine per day per 100 euro owed.