CERA will have the final word on Cyprus electricity bill increase.The Electricity Authority of Cyprus The Electricity Authority of Cyprus (EAC) currently holds a monopoly on electricity generation in Cyprus although the market is open to other companies. It operates through three power stations:
regulatory agency administrative body, administrative unit - a unit with administrative responsibilities (CERA) and to the Ministry of Commerce, Industry and Tourism Ministry of Commerce, Industry and Tourism (from the spanish Ministerio de Comercio, Industria y Turismo) is the Colombian ministry in charge of commerce, industry and tourism affairs. References This was said after a meeting, which Minister of Commerce Antonis Paschalides had with the Chairman of the Board of Directors of EAC Charis Thrasou and the President of CERA Kostas Ioannou. Paschalides said the government supports EAC in many ways and believes in it, stressing that the issue of price increase of electricity is a decision matter of the President of CERA. Thrasou said President of CERA will evaluate the situation and will take decisions about the price of electricity which EAC will respect. Minister of Commerce said a commission is already set to examine the issue technocratic ally. ''Information will be presented by EAC during the week and these will be examined, a study will be carried out, and very soon, decisions will be made by CERA'', he added. Copyright Financial Mirror. All right reserved. Provided by Syndigate.info an Albawaba.com company |
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