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12° Nicosia,
23 May, 2024
 
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Electricity bills to rise by 2.5% in April

The rise, according to EAC's spokeswoman, reflects global oil and gas trends and their impact on monthly adjustment

Panagiotis Euripides

An increase of 2.5% is expected in electricity bills for April compared to March. Christina Papadopoulou, the Press Spokeswoman for the Electricity Authority of Cyprus (EAC), explained to "K" that adjustments in electricity bills occur monthly based on changes in international oil and greenhouse gas prices. Ms. Papadopoulou stated, "Due to recent increases in oil and greenhouse gas prices, there is a 2.5% increase in April compared to March."

Regarding greenhouse gas prices, the EAC spokeswoman noted that prices of greenhouse gas allowances, traded on the stock exchange, reached up to 92 euros last year. "In November, prices began to fall, and in February, they dropped to 52 euros per allowance. EAC purchased them, but it seems prices have started to rise again," she added, mentioning that on April 2, prices "touched" 58 euros.

[This article was translated from its Greek original]

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Cyprus  |  energy  |  economy

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