Cyprus will request exemption from EU measures on a mandatory 5% reduction of energy demand during peak hours and a cap on the additional profits of companies that produce energy using lower-cost
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
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 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
Israeli Energy Minister Karine Elharrar is in Cyprus for direct talks with her Cypriot counterpart, Natasa Pilides, to resolve a dispute over exploiting a joint gas reservoir. The meeting takes place after
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
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
Unfortunately, as we leave summer behind and prepare for winter, the global energy crisis worsens. The situation has shifted from one requiring urgent attention to one that could push the EU into
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
Cypriots are paying among the highest electricity bills as Cyprus ranks seventh for energy costs in the European Union. According to Euronews, Cyprus is among the ten most expensive countries for electricity
