British energy price cap to rise 4% as Iran war pushes up costs
Most British households will see their energy bills rise from October after energy regulator Ofgem announced a 4 per cent hike in its domestic price cap as the war in Iran ...
Integrating energy and water planning
For decades, Cyprus has treated energy policy and water policy as largely separate issues. Energy planning focused on electricity generation, fuel imports and infrastructure development, while water planning focused on ...
We need to protect our economic future, Damianos says as EU ministers meet
The EU needs to make sure it strengthens the security of its energy supply, Energy Minister Michael Damianos said on Tuesday afternoon ahead of a video conference of EU Energy ...
Europe and Japan ready to help stabilise energy prices and secure oil chokepoint
Leading nations in Europe, with Japan, said on Thursday they would act to stabilise energy markets and join “appropriate efforts” to open the Gulf’s oil chokepoint after tit-for-tat strikes ...
Our View: Three years on, still no energy plan
Next Sunday President Nikos Christodoulides will have completed three years in office. In those three years his government has proved incapable of dealing competently with the biggest problem facing households ...
Early developments seen in Cyprus’ competitive electricity market
Since Cyprus launched its competitive electricity market on October 1, early activity shows households are beginning to explore new pricing options, the electricity market association said on Friday.
Officials stated that ...
Competitive electricity market launched in Cyprus
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 ...
Papanastasiou: no justification for any increase in fuel prices
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 ...
Prometheas on course, energy prices to be slashed, says spokesman
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 ...
Power grid needs upgrade to bring down electricity prices
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 ...
Minister makes urgent call for energy prices to come down
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 ...
EAC to pay €183m for CO2 emissions this year
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 ...
EU greenlights VAT cuts on electricity bills
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 ...
MPs fail to agree over VAT cut on electricity bills
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 ...
Competitive electricity market key to lower prices, says minister
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.
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