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
Cyprus is one of the most expensive countries out of a list of 39 in Europe to charge an electric vehicle, adding another con to the list of Cypriot motorists thinking of
While consumers struggle with inflation, there are fears that electricity bills will bulge as the Electricity Authority is called to pay an increased cost for emitting greenhouse gases. According to Phileleftheros daily,
One of the priorities of the new administration is to reduce the cost of electricity, to help industry and the economy reach the potential “they deserve”, said new Energy Minister George Papanastasiou.
Foreign Minister Ioannis Kasoulides briefed his EU counterparts on the assistance that Cyprus is providing Ukraine, with Poland, to help the war-torn country purchase electricity generators. At Monday’s EU Foreign Affairs Council (FAC) in
Electricity Authority of Cyprus (EAC) trade unions suspended strike action scheduled for Wednesday that would have caused power cuts after Labour Minister Kyriakos Kousios intervened. He arranged for unions to discuss grievances
