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23 June, 2024
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Electricity bills to surge by 4.56% due to soaring fuel costs

Households face increasing financial strain as energy costs continue to rise


Households are set to face another financial hit as electricity bills are expected to increase by 4.56%, coinciding with a continued upward trend in energy costs.

According to Dimitris Nathaniel, Deputy Spokesman of the EAC, "For a household consumer using approximately 800 kilowatt-hours, their bill will surge by 15 euros. For instance, if their previous bill amounted to 265 euros, it will now stand at 280 euros."

When questioned about the reason for this increase, Nathaniel attributed it "purely and simply to the rise in fuel prices on the international market."

Regarding the possibility of bill reductions, the Deputy Spokesperson of the EAC noted that it hinges on market price fluctuations.

Cyprus  |  energy  |  consumer

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