Electricity rises not as high as feared

CONSUMERS must be prepared for a four per cent increase in their next electricity bills.

The Chairman of the Electricity Authority of Cyprus (EAC), Harris Thrassou, rubbished reports that there would be a 28 per cent increase in fees and added that the following bills would actually see a reduction in prices.

Meanwhile, Commerce Minister Antonis Paschalides will be heading an EAC delegation in Russia, where they will attempt to find a natural gas supplier.

The delegation, which will be in Moscow from September 8-11, will be joined by Thrassou, Energy Department head Solon Kassinis, Energy Regulator Costas Ioannou and Giorgos Shammas, who is in charge of natural gas issues for the EAC.

The Cyprus Mail is the only English-language daily newspaper published in Cyprus. It was established in 1945 and today, with its popular and widely-read website, the Cyprus Mail is among the most trusted news sites in Cyprus. The newspaper is not affiliated with any political parties and has always striven to maintain its independence. Over the past 70-plus years, the Cyprus Mail, with a small dedicated team, has covered momentous events in Cyprus’ modern history, chronicling the last gasps of British colonial rule, Cyprus’ truncated independence, the coup and Turkish invasion, and the decades of negotiations to stitch the divided island back together, plus a myriad of scandals, murders, and human interests stories that capture the island and its -people. Observers describe it as politically conservative.