Cyprus Mail
Cyprus

Energy regulator chief resigns (updated)

Giorgos Shammas (left)

The chairman of the island’s energy regulator (CERA) has resigned, it emerged on Tuesday, but he asked the president to allow him to stay on until the end of September.

Giorgos Shammas’ term ends in January 2016. He tendered his resignation in June and it was accepted by Anastasiades.

Shammas told the Cyprus News Agency that he has decided to depart after completing his work at CERA.

After completing the regulatory framework for the electricity market, it would be best that its implementation was taken over by the new chairman, he said.

Implementation of the framework would take three to four years.

Shammas said he would make his resignation letter public soon.

The Cyprus News Agency had reported earlier that it was the president who had asked Shammas to remain in his position until the end of September.

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