Cyprus Minister of Energy, Commerce and Industry, Natasa Pilides, has announced a 10% discount on electricity bills for the months November-December 2021 and January-February 2022, as well as renewable energy schemes aimed at long term savings for businesses and households, as compensatory measures to the increase in electricity price.
Speaking during a press onference, Pilides said that the series of compensatory measures were decided after consultations amongthe Ministries of Energy and Finance, the Cyprus Energy Regulatory Authority (RAEK) and the Cyprus Electricity Authority (EAC) and after a meeting with the President of the Republic, Nicos Anastasiadis, who gave the guidelines for the drafting of the measures.
Pilides analyzed the seven measures decided, starting with the absorption by the EAC part of the cost of the increase in electricity caused by
Source: Cyprus News Agency