Energy regulator approves 2.9% cut in electricity prices

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Energy regulator approves 2.9% cut in...
 © In-Cyprus 2020
The Cyprus Energy Regulatory Authority (CERA) has approved a proposal by the Electricity Authority Cyprus (EAC) for a 2.9% reduction in electricity prices because of lower production, transport and distribution costs, Phileleftheros reported on Friday.

But it noted that part of the benefit may end up being cancelled by costlier emission fees.

In its letter to the EAC, CERA also authorised the extension by another year to reduced pricing approved in 2017 for commercial and industrial bills, road lighting, pumping of water and thermal-storage room heaters.

The price...


This article was automatically added to our system 17-1-2020

Energy regulator approves 2.9% cut in electricity prices


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