#electricity bills

Electricity prices are unlikely to drop over the next two years, given the absence of natural gas and the lack of storage for energy generated by renewables, the head of ...

A substantial drop in the cost of electricity this year is “impossible,” Energy Minister George Papanastasiou said on Thursday, adding that people should manage their expectations. The minister made the ...

The floating storage and regasification unit (Fsru), an integral component of the LNG project, is expected to remain in Malaysia for about two to three months, Energy Minister George Papanastasiou ...

After years of delays, the Electricity Authority of Cyprus (EAC) will begin installing smart meters this month, starting with urban areas across the country. EAC spokesperson Christina Papadopoulou outlined the ...

By Angeliki Koutantou, Forrest Crellin and Edward McAllister For Athens restaurant owner Christos Kapetanakis, rent has always been high, but now he faces what he calls “a second rent” as ...

Reducing electricity costs for households and businesses remains a key priority for the government, Energy Minister George Papanastasiou said on Tuesday. Speaking at a Transmission System Operator Cyprus event to ...

Cyprus has the potential to become a significant supplier of liquefied natural gas (LNG) to the European Union, provided pre-drilling surveys are confirmed, Energy Minister George Papanastasiou said on Friday. ...

The Electricity Authority of Cyprus (EAC) provided an update on Thursday regarding its modernisation efforts, cautioning that electricity prices will not significantly decrease without the introduction of natural gas. EAC ...

Regular electricity bill payers will not subsidise the additional reduced rates paid by vulnerable groups, Energy Minister George Papanastasiou said on Saturday. Moving to address rumours that forthcoming increases in ...

Unions at the Cyprus Electricity Authority (EAC) on Tuesday called for the immediate installation of two new power generation units at Dhekelia power station in addition to storage facilities to ...

In July 2025, the electricity market will open and consumers will be able to choose their supplier, as they do currently for phone use, Energy Minister George Papanastasiou said on Thursday ...

Greece’s independent power transmission operator (Admie) will next week formally deliver to the Cypriot government its cost-benefit analysis for the Great Sea Interconnector – the mooted subsea electricity cable linking ...

The electricity authority is failing to consider the high costs burdening consumers, the head of Epopai union Kyriakos Tafounas said on Tuesday referring to delays in the upgrade of the ...

Average household electricity prices in Cyprus fell to €34.5 per 100 kWh during the second half of 2023 from €37.3, but prices were higher than the previous year when the rate clocked in at €32.6 ...

For this government, an unpopular measure must be accompanied by something positive, at least communications-wise, because it wants to minimise the criticism by media and opposition parties, which would have ...

Cabinet is set to hold an extraordinary meeting on Thursday with the aim of discussing and approving a new package of measures to alleviate the cost-of-living crisis. The meeting comes ...

Opposition party Akel on Monday reiterated their call on government to make moves to drive down electricity costs for households and businesses, while demanding that light be shed on the ...

The energy regulator (Cera) on Wednesday ruled out a price increase on electricity bills. According to a Cera board decision, “It was decided to keep in force for the year 2024 ...

MPs on Tuesday hauled the Electricity Authority of Cyprus (EAC) over the coals, mounting their pressure on the state-run power utility to drop its request for a six per cent ...

The chairman of the electricity authority (EAC) on Tuesday asked for consumers to stay patient a little longer while information regarding prices is being examined. The forecasts that led to ...

By Elias Hazou and Iole Damaskinos Speculation was ongoing on Monday as to the fate of consumers regarding electricity costs as deliberations between the electricity authority (EAC) and the energy ...

The Cyprus Electricity Authority (EAC) did not decide on electricity hikes on Friday, passing the responsibility to the Cyprus Energy Regulatory Authority (Cera) for failing to decide on price adjustments. ...

Decisions on possible electricity price hikes will be taken “responsibly” in the next few days, but a ‘favourable’ decision for consumers now may come back to bite in the future, ...

The EAC needs to be financially viable and in a position to maintain its infrastructure, electricity authority spokeswoman Christina Papadopoulou said on Tuesday. Commenting on the cost of electricity for ...