Cyprus Mail
Cyprus

CERA raises electricity price reduction to 8.0 per cent

THE ENERGY regulator, CERA, has decided to raise a temporary reduction on the basic tariffs of electricity from 5.0 per cent to 8.0 per cent, at the same time extending it for a further two months.

The original decision was taken in April this year, citing the dire economic conditions in the country.

CERA said it would re-examine the situation at the end of the two months.

A change in the decision will depend on conditions at the time, including the viability of the electricity company, EAC.

It will also take into consideration the EAC’s pledge to roll out a programme to cut operational costs, and implementing measures to increase productivity and reducing the cost transferred on consumers.

Related Posts

Cyprus ministers back Fit for 55 agreement

Anna Savva

Akel calls for investigation after school graduation ceremony descends into chaos

Nick Theodoulou

Famagusta hoteliers looking forward to better summer

Andrea Charalambous

Bringing the footsteps of Ioannis Kapodistrias to Nicosia

Eleni Philippou

Anastasiades to address dinner for EU-NATO leaders (updated)

Source: Cyprus News Agency

Chinese Bridge competition held for students and adults

Staff Reporter

1 comment

Comments are closed.