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Electricity price reduced by 4%

The Electricity Authority of Cyprus (EAC) spokesman, Costas Gavrielides announced that electricity prices are reduced by 4% due to the reduction in fuel prices. EAC stocks fuel for 3 months therefore consumers should expect a 3 month delay for fuel price changes to reflect on electricity prices. He also added that new reductions are expected soon due to the gradual decrease in use of the expensive mobile generators that were put in use after the Mari explosion.