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Cyprus electricity market should be open by 2022 — CERA
January 22, 2021
“Based on current data, CERA is looking forward to the introduction of healthy competition in the electricity market of Cyprus at the beginning of 2022,” announces Dr. Andreas Poullikkas, chairman of the Cyprus Energy Regulatory Authority (CERA).
This will mean that producers of renewable energy, of whatever type, will be able to sell their production via the national electricity grid at that time.
“There are essentially three main objectives of electricity deregulation in Cyprus in line with the EU perspectives: (a) reduction of the role of the state, in terms of, command and control, prescriptive solutions and direct cross subsidy, (b) creation and enhancement of competition and (c) increasing choice for consumers and participation in short- and long- term demand management and responsibility to secure their energy,” Poullikkas explains.