MPs pass EAC budget, slam high electricity costs
The House plenary on Thursday evening passed the 2025 budget for the Electricity Authority of Cyprus (EAC) with lawmakers grasping the opportunity to rail against the high cost of energy.
The ...
500,000 smart meters to transform Cyprus’ energy use by 2028
Households and businesses across Cyprus will soon have better control over their electricity costs, thanks to the nationwide rollout of smart meters by the electricity authority of Cyprus (EAC).
With 500,000 ...
Electricity prices to stay high until at least 2027
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 ...
EAC launches long-awaited smart meter installations
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 ...
Cyprus aims for a competitive electricity market, cheaper power by July
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 ...
Electricity market ‘to open in July 2025’
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 ...
Our View: ‘Human-centred’ measures merely a distraction from bad news
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 ...
Electricity subsidy reinstated, fuel tax reduced among relief measures (Update 4)
By Tom Cleaver and Elias Hazou
The government announced on Thursday the reinstatement of the electricity subsidy as part of a raft of measures aimed at helping people through 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 ...
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 ...