The government aims to solve energy storage within the next 18-24 months so the grid does not reject green energy, said Energy, Commerce and Industry Minister George Papanastasiou. Addressing a press conference
With Nicosia hosting the trilateral meeting of heads of state on July 26, Cyprus, Greece, and Israel leaders will meet for the first time – two-re-elected and a newcomer. Top on their
Petrol prices will climb by eight cents from July 1 after the government has decided to scrap a freeze on consumer tax on fuel and a subsidy on electricity bills. The Cabinet
The government will decide this week whether to continue a freeze on consumer tax on fuel and a subsidy on electricity bills under pressure from petrol station owners. The relief measures introduced
Due to estimated shortages in electricity generation capacity, Israel wants to fast-track its cable interconnection with Cyprus, said Energy Minister George Papanastasiou. Confirming media reports, Papanastasiou said the issue was discussed at a
Work on the island’s first private conventional power station, promising cheaper electricity, is in full swing as the gas turbines arrived, developers Cyfield Group announced. In an announcement, Cyfield said the 3
The Cyprus Chamber of Commerce and Industry (CCCI) backs the government’s priority to import natural gas to produce cheap electricity, which has become unaffordable. CCCI President Christodoulos Angastiniotis discussed cheaper energy in a Tuesday
Portfolio investors and fund managers have dumped petroleum futures and options, reversing the buying frenzy inspired by the production cuts announced by Saudi Arabia and its OPEC-plus allies at the start of
In the second half of 2022, average household electricity prices in Cyprus rose sharper than the EU average, from €23 per 100 kWh to €32.6 per 100 kWh, while Europe went from €23.5
The government plans to extend a subsidy on electricity bills introduced by the previous administration but will discontinue a freeze on consumer fuel tax. According to Phileleftheros daily, quoting government sources, President
