Cyprus electricity bills to rise by up to 7% in May, with 20% possible by August, EAC chief warns

Cyprus electricity prices will rise from May, with increases of up to 7% likely in the short term and potentially reaching 20% by August if oil prices continue to climb, the chairman of the Electricity Authority of Cyprus (EAC) has warned. Speaking at a press conference at EAC headquarters on Thursday, Giorgos Petrou said the […]

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