Reduced tax on fuel extended

The government has extended reduced excise duties on fuel until 15 January 2023 in a bid to alleviate the effects of soaring inflation driven by the war in Ukraine. Finance Minister Constantinos

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Open electricity market stifled

Liberalising Cyprus’ electricity market is hampered by authorities dragging their feet over an employment framework of the Transmission System Operator, according to MPs. Chair of the House Energy Committee and DISY MP,

Cyprus, Israel want speedy end to gas row

Cyprus and Israel agreed Monday to resolve speedily a long-running dispute on exploiting a natural gas reservoir that straddles the maritime boundaries of both countries, energy ministers said. Israeli Energy Minister Karine

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Partners in Aphrodite back $192 mln investment

The partners in exploiting Cyprus’ Aphrodite gas field have approved a $192 million investment to begin drilling and cover other development costs for the offshore project, Israeli firm NewMed Energy said. Most

High energy prices here to stay

Cypriot consumers will have to get used to living with high energy costs for the foreseeable future as failure to decarbonise the economy has authorities paying tens of millions of euros for

Electricity bills to be 14% cheaper

Consumers are to be given a breather from high energy costs, as after a drop in the cost of fuel, electricity bills in September fall by an average of 14% when a

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