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New pricing policy leads to cheaper power
September 2, 2020
The cost of electricity has decreased by 20 per cent since new pricing measures were introduced in 2017, the head of the Cyprus Energy Regulatory Authority Andreas Poulikkas said on Wednesday.
Poulikkas, who was submitting his report to President Nicos Anastasiades, said the new pricing measures were implemented in 2017 and within the year there was a decrease in costs.
“The usage fee for the network has decreased 20 per cent from 2016 to present,” he told the president.