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Electricity prices to go up. AGAIN!

Consumers will be faced a further increase in the price of electricity from January 1, 2013. Electricity Authority Cyprus will impose a further increase estimated at 4.74% in 2013 with a gradual increase to 8.4% by 2020. The increase is to cover the expenses of implementing new EU plan to reduce greenhouse gas emissions. The cost to households would much higher if the Government hadn’t requested part exemption from the European Commission.

We now, more than ever need renewable sources of electricity!