Cyprus Mail

Remodeling the electricity market

The Cyprus Energy Regulatory Authority (CERA) has released a report it had commissioned in early 2013 to conduct a study regarding the remodeling of the electricity market in Cyprus,

The highly-technical 100-page plus report, carried out by International Advisers LDK E-Bridge sets out the different scenarios taking into account the possibilities for RES (Renewable Energy Sources) integration.

According to CERA’s criteria, no matter which of the three models is decided on, it must have a secure and efficient supply, safeguard the protection of consumers from monopolistic conditions and from obstacles to changing supplier, and meet EU directives.

“The objective of the market design is not to affect EAC’s dominant position in the market, but rather to introduce rules that would allow the electricity market to operate in competitive terms,” said the report.

The new model must also take into account future cross-border trade of electricity on the basis of the regulations governing the operation of the internal energy market and facilitate the operation of the electricity market in a reunited Cyprus.

CERA said that public consultations would be held on the scenarios before the end of this year and invited all stakeholders to participate and submit any views and comments.

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