#Energy prices

Cyprus on Wednesday officially launched its long-awaited competitive electricity market, which Energy Minister George Papanastasiou said should ultimately drive down costs for consumers. Speaking on the sidelines of the independence ...

Energy Minister George Papanastasiou on Tuesday said there was no justification for any increase in fuel prices despite the present geopolitical upheaval in the Middle East. Speaking after the conclusion ...

Foreign experts have concluded their report on Prometheas, a milestone in slashing electricity prices in Cyprus, government spokesman Konstantinos Letymbiotis said on Tuesday. “The inspection and report by foreign experts ...

By Andria Kades and Elias Hazou Cyprus urgently needs to upgrade its electricity grid to enable further penetration of renewables, helping drive down the cost of power, the energy regulator ...

Electricity prices must come down, as expensive energy is sapping people’s disposable income and also raising the cost of production for businesses, new Energy Minister George Papanastasiou stressed on ...

For this year the state-run power corporation estimates it will spend €183 million on purchasing greenhouse gas emissions allowances, while the cost of fuel purchases is projected at €485 million. The numbers ...

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 ...

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 ...

The only viable way to reduce the price of electricity bills in Cyprus is to open up the electricity market to private companies, Energy Minister Natasa Pilides said on Tuesday. ...