Further price cut on electricity bills

THE Electricity Authority of Cyprus (EAC) announced on Thursday further price reductions by two per cent for costumers who pay monthly and three per cent for bimonthly consumers, due to reduced fuel costs.
For domestic consumers, electricity prices have gradually been decreased by 20 per cent the last twelve months. Since 2013, prices have gone down by 38 per cent, EAC said.
The utility said that reductions have also been made on commercial and industrial tariffs, as well as on street lighting, water pumping and storage heaters.

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.