EAC to take €24 million hit for reduced bills
The Electricity Authority of Cyprus (EAC) will take a revenue hit of around €24 million following a decision to offer a 10 per discount on utility bills over the next four months, ...
State accused of not wanting ‘spend a euro’ to help its people
The Cyprus Consumers Association on Monday called for more substantial help for those affected by high electricity prices, saying the state seems “unwilling to spend a single euro for the ...
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 ...
Consumers Association slams electricity price hike
The Cyprus Consumers Association (CCA) on Monday strongly criticised the Electricity Authority of Cyprus (EAC) for the 38 per cent price hike set for August compared to the same month last ...
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 ...
Profit-making EAC told to reduce electricity bills
Lawmakers on Monday said the Electricity Authority of Cyprus (EAC) must remain a public utility, but urged the state-run power corporation to give back to taxpayers by reducing the cost ...
Electricity prices set to drop in 2021
Energy prices are set to decrease by 3.2 per cent in 2021, the Electricity Authority of Cyprus (EAC) announced on Friday.
The EAC’s assessment of the price per kilowatt (kW) was ...