Finance ministry may tax RES producers who earned ‘windfall profits’
The finance ministry said on Thursday it may tax RES producers found to have earned windfall profits as a result of the high tariffs paid...
CERA
Vulnerable groups urged to use electricity discounts
President Nicos Anastasiades on Friday urged vulnerable consumers to make use of existing incentives that offer up to a 20 per cent discount on their...
Energy company confirms it has proposed installation of an FRSU in Cyprus
Norwegian company Hoegh LNG has confirmed that it has submitted a proposal for the installation of a Floating Storage Regasification Unit (FRSU) in Cyprus. The...
Why is the government ignoring good offers for gas imports?
Cyprus appears bent on investing millions of euros on the most expensive option to import natural gas Hoegh LNG submitted a formal application to Cyprus...
Energean says proposal to supply gas still in force
Energean’s proposal to supply gas to the Cyprus through a pipeline from Israel remains in force, the company said in a statement on Sunday. According...
Anger at the House as liberalised electricity market delayed again
The opening up of the energy market has once more been pushed back, this time to December 2021 – and that’s under the best-case scenario...
Electricity prices could fall as of January
It’s expected that people will pay slightly less for electricity as of January 1, when the state-run power company is set to readjust some of...
EAC unions to consider ‘new measures’ to oppose privatisation
TRADE unions at the semi-state power company EAC will decide on Tuesday on the measures they will take to protest the government’s policy, which they...
CERA chairman says new EAC tariffs basis for future liberalised market
The chairman of the Cyprus Energy Regulatory Authority (CERA) said that the new tariffs by state-owned power producer Electricity Authority of Cyprus (EAC) are part...
Association of electricity investors urges members not to sell licences
A business group representing private investors in power generation warned its members to refrain from selling licences in their possession months before the market’s liberalisation,...
