EU greenlights VAT cuts on electricity bills
The European Commission’s VAT committee has approved the government’s proposal to cut VAT on household electricity bills, the finance ministry announced on Monday.
A statement said that the ...
Additional cut to VAT on electricity bills for three months
The government has notified the EU of its intention to cut VAT on household electricity bills from 19 per cent to 9 per cent for three months, Finance Minister Constantinos Petrides said ...
MPs fail to agree over VAT cut on electricity bills
An Akel proposal to slash VAT on electricity bills from 19 per cent to 9 per cent to shield consumers from rising prices came before the House finance committee on Monday where ...
Cabinet cuts VAT on electricity bills for vulnerable groups
The cabinet on Thursday approved a reduction of VAT from 19 per cent to 5 per cent on electricity bills for vulnerable groups for six months.
The decision is in line with ...
House passes ‘landmark’ electricity liberalisation bills (Updated)
After years of start-stop discussions in committee, the House on Thursday passed the legal framework for opening up the electricity market – with the energy minister hailing it as the single ...
Electricity bills to be slashed by 10% for next four months (Update 2)
The government on Friday announced a 10 per cent discount on electricity bills for the next four months, as well as renewable energy schemes aimed at long term savings for businesses ...
Discount on electricity bills expected in a few days
Government departments and the power company (EAC) expect to finalise a discounted rate on electricity bills in the next few days, Energy Minister Natasa Pilides said on Wednesday.
The minister ...
EAC unions ask whether authority could absorb some of rising costs
State-owned electricity authority (EAC) unions said Friday they supported looking into whether the company could absorb the rising cost of production so that consumers won’t have to foot the ...
MPs mull ways to reduce electricity bills
Lawmakers on Tuesday reviewed various ways in which electricity bills might be reduced, including by scrapping the levying of VAT in certain cases but it remained unclear whether their proposals ...
EAC hikes: a perfect storm
Electricity prices will not be coming down for the foreseeable future
By Elias Hazou
Electricity prices will not be coming down for the foreseeable future due to a perfect storm ...
EAC bills higher only because 2020 prices were ‘historically low’
Costlier fuel internationally after the historic lows of 2020 is pushing up electricity prices, with consumers facing a 38 per cent increase in their August bills compared to the same month last ...