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Cyprus

Prepaid electricity on its way

The electricity company (EAC) is looking to introduce prepayment electricity meters to help consumers control consumption.

The introduction of the prepaid system was decided by EAC in 2011, to help consumers control their consumption.

They are also expected to provide solutions to many practical issues, like the need to transfer electricity bills from one tenant to another, or unpaid bills left behind by tenants.

Consumers will be able to buy prepaid cards from convenience stores and enter the code on the meter and start using it until electricity consumption reaches the amount they have prepaid.

The EAC has already invited tenders for the supply of 3,000 prepayment systems, 2,000 for domestic and business use and 1,000 for commercial uses.

The meters could be introduced by next year, although there are still parameters that must be considered before they hit the market.

“We are still at a very early stage with this project,” EAC spokesman Costas Gavrielides said. “We will also have to discuss tariffs and other issues with the energy regulator before we introduce the meters to the market.”

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