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Energy Sector In Cyprus Changing Drastically, President Says
September 3, 2020
The energy sector in Cyprus is changing drastically due to the creation of the energy centre in Vasiliko and the supply of natural gas, President Nicos Anastasiades has said. On Wednesday the President received the annual report submitted by Chair of the Cyprus Energy Regulatory Authority (CERA) Andreas Poulikkas who pointed out that the cost of electricity has decreased by 20 per cent since new pricing measures were introduced in 2017.
The President praised the work done by CERA pointing out that its efforts along with those of the government aim at freeing up the market. He also spoke of the importance of the Euro-Asia and Euro-Africa interconnectors, which are an important development for the end of energy isolation and the price of electricity. President Anastasiades said that the government supports CERA`s work and will stand by its side in dealing with any difficulties they might face.