There is no danger of electricity shortages despite the heat wave and expected rising temperatures in the coming days, spokesman for the Cyprus Transmission System Operator of Electrical Energy (TSO) Giorgos Asikkalis told the Cyprus Mail on Thursday.
“The demand can be easily covered. We have the ability to cover almost 300 Megawatts more than today’s demand,” he said.
According to TSO figures, electricity demand on Thursday reached 762 Megawatts and it is expected that the highest demand level will not exceed 900 Megawatts.
“The figures are similar to last year’s. There is no need to worry. As demand grows, our production also grows,” Asikkalis added.
The demand in electricity is expected to increase over the next few days, especially on Friday, but still there is no need to worry.
“On weekends, the demand is usually lower, so the highest numbers are expected to be recorded on Friday and Monday,” Asikkalis asserted.
The Electricity Authority (EAC) is set to simplify its tariffs system, with the changes expected to cut prices for most consumers.
A study commissioned by the company has recommended slashing the different rates for consumption, depending on whether the premises are commercial or residential and the level of use.
In addition, the current staggered rates for consumption will be scrapped, and a flat rate applied irrespective of total consumption over the billing period.
Under the EAC’s current pricing policy, households consuming up to 120 kilowatt hours are charged the lower rate, which goes up for consumption of between 121 to 320 kilowatt hours.
By June 30 the state-run utility must submit details of its new tariffs for the rest of 2017 to the energy regulator. The company will inform the public of the new rates shortly thereafter.