Our View: Electricity costs can’t wait for gas pipelines
The disappointing results of the gas drilling at the Elektra-1 well in Block 5 of the Cypriot EEZ may have caused some surprise, bearing in mind ExxonMobil’s earlier assessment of ...
No major drop in electricity costs this year, says minister
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 ...
Burdening consumers with cost of profiteering a ‘crime’
Anticipated changes to electricity and fuel subsidies are expected to be announced on Wednesday following the meeting of the council of ministers.
“Fiscal responsibility requires for the state to not ...