Electricity tariff reduction extended

THE ENERGY regulator, CERA, has decided to extend for a further two months a five per cent reduction on the basic tariff payable to the electricity authority.

This is the second extension and the third consecutive period during which CERA has ordered the authority to charge a lower rate on their basic tariff, given Cyprus’ crippling debt crisis.

The original decision dates back to April 12.

The regulator will review that decision in due time to decide whether another extension was justified.

 

 

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.