The press service of the Electrification Department of the Republic of Cyprus (EAC) reported a reduction in electricity prices. In February, electricity bills will be 3.6% less compared to December 2018.
As explained by EAC spokeswoman Christina Papadopoulou, tariffs have changed since the indexation carried out by the energy regulator of the Republic of Cyprus (CERA). According to The Cyprus Mail, in February, further decline in electricity prices is expected due to the monthly indexation of world prices for oil products.
“The details will be known by the end of the month, in two or three days,” Ms. Papadopoulou explained.
Electricity bills, subject to the reduction, will come in early February to those who pay monthly, and in early March to those who pay every two months.
In 2018, electricity tariffs in Cyprus increased due to rising fuel prices on world markets. In early October, the EAC warned that the bills that consumers would receive would be 7% higher than those that came in August. In November, it was reported that over the year prices rose by 27.7%.