Posts tagged with "electricity prices"

EAC defends passing on hikes to consumers Cyprus

EAC defends passing on hikes to consumers

February 22nd, 20194116 An increase in the budget of the Electricity Authority (EAC) that will be passed on to consumers was necessary because of changes from the EU, authority spokesperson Christina Papadopoulou said on Friday. It became evident during the presentation of the EAC budget for 2019 at the House on Thursday that consumers would have to foot the...
Cheaper electricity bills from February Energy

Cheaper electricity bills from February

January 28th, 20196693 Electricity bills will decrease by at least 3.6 per cent in February compared to December, the electricity authority (EAC) announced on Monday. According to the EAC spokeswoman, Christina Papadopoulou, the price change is due to the Cyprus Electricity Regulatory Authority’s (Cera) fuel adjustment which is done every six months,...
No justification for electricity price hikes Opinion

No justification for electricity price hikes

November 18th, 20181996 Concerning the recent AHK (EAC) announcement that it was raising electricity charges because of rising oil prices, this comes notwithstanding the fact that international oil prices have actually declined by over 20 per cent since September. The Mail reported a discussion in Parliament on Thursday where “officials” told MPs that it...
Little chance of cheaper electricity any time soon MPs told Energy

Little chance of cheaper electricity any time soon MPs told

November 16th, 20182934 Electricity prices are not expected to drop anytime soon, lawmakers heard on Thursday. During a parliamentary discussion on ways in which the state could reduce electricity rates – which are on the rise along with increasing oil prices – officials told MPs that three things needed to happen. These were: opening up the...
Electricity prices to rise Cyprus

Electricity prices to rise

November 8th, 20186074 Electricity prices will increase by 4 per cent this month, the Electricity Authority (EAC) announced on Thursday. According to spokeswoman for the authority Christina Papadopoulou, the increase stems from the increase in oil prices internationally. “As long as we rely on the production of electricity from oil, then fluctuations...
Electricity prices could fall as of January Cyprus

Electricity prices could fall as of January

October 23rd, 20182863 It’s expected that people will pay slightly less for electricity as of January 1, when the state-run power company is set to readjust some of its rates, the head of the energy regulatory authority (Cera) said on Tuesday. Speaking at a news conference, Andreas Poullikas also looked ahead to the planned opening up of the electricity...
EAC boss says ‘unable to bring down prices’ Cyprus

EAC boss says ‘unable to bring down prices’

October 5th, 20184011 By Elias Hazou POLITICIANS on Thursday heave-hoed about rising electricity bills, only to be told that at the moment the state power corporation was unable to cut its rates. “The government must understand that, with Cyprus having exited the bailout programme, people cannot cope with its policy of extortionate taxes,” MP...
More protests planned in the north Cyprus

More protests planned in the north

September 12th, 20183561 A day after hard-hit Turkish Cypriot farmers made a deal with the ‘government’ to end six days of strike action due to the economic crisis caused by the fall in the Turkish lira, it was reported on Wednesday that more demonstrations were coming over a 30 per cent hike in electricity prices. Afrika newspaper said that El-Sen, the...
Cyprus sees biggest hike in EU domestic electricity prices Energy

Cyprus sees biggest hike in EU domestic electricity prices

May 30th, 20184745 Household electricity prices in the second half of 2017 went up by 12.6 per cent, the biggest price increase in the EU at the time, figures released by Eurostat showed on Wednesday. Including all taxes and levies, the price in Cyprus stood at €18.30 per 100 kWh, a hike of 12.6 per cent over the same period the previous...
Electricity price hikes, highest in the EU Energy

Electricity price hikes, highest in the EU

November 29th, 20176518 Cyprus household electricity prices rose 22 per cent rise in the 12 months to June, the biggest increase in the EU, according to the EU’s statistical agency, Eurostat. Across the EU member states, the highest increase in household electricity prices in national currency between the first half of 2016 and the first half of 2017 was...
Electricity prices to drop for most consumers Cyprus

Electricity prices to drop for most consumers

August 29th, 20174867 Consumers could be seeing a drop in their electricity bills as the power company EAC will be introducing a new tariff system from Friday. “There will be a general reduction of six per cent to most customer categories,” spokeswoman Christina Papadopoulou said. The system will be in place until the end of this year. It will be...
Electricity prices set to fall Cyprus

Electricity prices set to fall

June 20th, 20174757 The state power company (EAC) is set to simplify its tariffs system, with the changes expected to cut prices for most consumers. A study commissioned by the company has recommended slashing the different rates for consumption to 11 from 30, depending on whether the premises are commercial or residential and the level of use. In...
Green tax increase will see electricity bills go up Cyprus

Green tax increase will see electricity bills go up

October 25th, 20162589 The ‘green tax’ levied on electricity consumption will almost triple next year, in order to pay for a €13 million shortfall in the renewable energy source (RES) fund, House commerce committee chairman Angelos Votsis said on Tuesday. The RES fund, funded by a green tax of 0.5 cents per kilowatt hour on every electricity bill in...
Electricity prices to drop further Cyprus

Electricity prices to drop further

February 2nd, 20162603 Electricity prices will drop 7.3 per cent compared to the previous month, the Electricity Authority of Cyprus (EAC) said on Tuesday. The fall in price will be seen in bills consumers will receive in February. Spokeswoman Christina Papadopoulou said the drop is attributed to a fall in international fuel prices. Over the past 12...
Further electricity price cut on the way, regulator says Cyprus

Further electricity price cut on the way, regulator says

February 16th, 20151378 Energy regulator CERA chief Giorgos Shammas said on Monday he expected electricity prices to drop a further 5 per cent from March. Shammas was speaking after handing over his 2013 report to President Nicos Anastasiades at the presidential palace. After the meeting Shammas told reporters he had handed over a report for 2013 but he...
Despite price drop, electricity still expensive Business

Despite price drop, electricity still expensive

May 22nd, 20141475 By Angelos Anastasiou DESPITE a 15 per cent decrease in the price of electricity from the second half of 2012 to the second half of 2013, the highest recorded drop in the European Union, Cyprus continues to offer the third most expensive household electricity in the EU, a Eurostat report said yesterday. According to the report, the...
‘Words not enough to lower price of electricity’ Cyprus

‘Words not enough to lower price of electricity’

February 19th, 20141661 THE need to expand the use of solar panels by low-income households as well as farmers who need cheap electricity to remain competitive was unanimously voiced by House Commerce committee members yesterday. Speaking after a session, committee head and DISY MP Lefteris Christoforou said that “words are not enough to lower the price of...
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