Stabilizing Energy Costs: No Increase in Electricity Rates for Cyprus
In a move benefiting households and businesses in Cyprus, the energy regulator has decided to keep electricity rates stable for 2024, providing financial relief amidst economic challenges. The decision to maintain the same regulated tariffs set for 2023 will offer predictability and stability to consumers, following political pressure on the Electricity Authority of Cyprus to absorb additional costs and invest in energy infrastructure for the island nation’s energy security.