Cyprus Mail
News in Brief

Public service obligation charge to rise

The island’s energy regulator (CERA) has approved a request from the electricity company to raise its public service obligation (PSO) charge that subsidises needy families, it was announced on Friday.

The charge, known as PSO, will rise to 0,00136 cents per kWh from 0,00134 cents.

It was introduced in 2010 to enable the company to recover revenues lost by affording needy families lower charges.

However, the list of eligible recipients has recently been extended following a government decision.

Those eligible are on a different billing system.

“The EAC is losing revenues because the state wants to carry out social policy,” EAC spokesman Costas Gavrielides said. “CERA is compelled to impose the increase so that our fellow humans who receive electricity at a lower price are covered.”

The new list includes families receiving a care allowance for quadriplegic and paraplegic individuals.

These families were put on the so-called 08 tariff, along with large families – three or more dependent children — recipients of a public allowance, and recipients of allowances for heavy disability.

Large families on this tariff must meet specific income criteria.

The billing system applies to Cypriots and citizens of other EU states.

CERA said the new charges came into effect on August 1.

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