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Electricity bills to be slashed by 10% for next four months (updated)
September 17, 2021
The government on Friday announced a 10 per cent discount on electricity bills for the next four months, as well as renewable energy schemes aimed at long term savings for businesses and households.
Energy Minister Natasa Pilides said the electricity company (EAC) will absorb part of the cost of the increase in electricity caused by rising fuel prices and the cost of emissions.
“The government understands the pressure on businesses and households caused by the pandemic and has prepared proposals to mitigate the effects,” Pilides said.