Cyprus Mail
CyprusEnergyFeatured

Cheaper electricity bills from February

Electricity bills will decrease by at least 3.6 per cent in February compared to December, the electricity authority (EAC) announced on Monday.

According to the EAC spokeswoman, Christina Papadopoulou, the price change is due to the Cyprus Electricity Regulatory Authority’s (Cera) fuel adjustment which is done every six months, meaning the decrease is valid until June.

The adjustment is related to the cost of the fuel mix of heavy fuel oil, diesel and renewable energy sources.

In addition to the 3.6 per cent, February prices will likely fall further, due to changing fuel costs which are adjusted on a monthly basis.

“The exact amount of the reduction will be known by the end of the month, in two to three days,” Papadopoulou explained.

The decrease is a welcome change after electricity prices kept increasing in 2018 due to a rise in international oil prices.

In November it was reported that within one year, electricity prices rose 27.7 per cent. At the beginning of October the EAC announced that the average household should expect an almost 7 per cent hike on upcoming October bills, compared to those paid in August.

 

 

Related Posts

Britain’s leadership rivals, Truss and Sunak pledge support for Cyprus

Jean Christou

Six million British households owe record amount to energy providers

Reuters News Service

AG says animal abuse must be investigated immediately, protest planned for Thursday

Staff Reporter

Turkey prepared for 1974 Cyprus ‘peacekeeping operation’ for ten years, official says

Staff Reporter

Man tried to leave on Cyprus-Greece ferry with fake travel documents

Staff Reporter

Deputy AG rejects claims of cover-up in spyware case

Sarah Ktisti