Minister warns public to brace for higher electricity prices

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Minister warns public to brace for higher...
 © CyprusMail 2022
People should forget about across-the-board cuts on energy-related taxes, brace for even higher electricity prices and turn to renewables, Finance Minister Constantinos Petrides said on Tuesday.

In comments to daily Phileleftheros, Petrides explained why last week’s meeting at the presidential palace did not turn up any immediate relief measures to offset the impact of inflation.

“We are entering a new era, characterised by high fuel prices where electricity is generated by fossil fuels,” he told the newspaper.

This state of affairs, he added, is due to more than just the war in Ukraine or the...


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Article automatically added to our system on Tuesday, July 5, 2022

Minister warns public to brace for higher electricity prices


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Article Tags: #minister   #warns   #public   #brace   #higher   #electricity   #prices  


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