8% reduction in the price of electricity

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 […]

No power cuts tomorrow

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 […]

5.75% cheaper electricity

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 […]