Christofias unimpressed with EAC (Electricity) hikes

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Christofias unimpressed with EAC (Electricity) hikes

Post  Twosox on Mon Apr 14, 2008 8:43 am

Courtesy of Cyprus Mail

President Demetris Christofias is not pleased about procedures to increase electricity rates, Phileleftheros newspaper reported yesterday.

Citing inside sources, the paper said the President has reacted to the Commerce Ministry and Electricity Authority of Cyprus’ (EAC) plans to readjust the price of electricity and especially the significant increase in rates for consumers.

Christofias is said to have ordered the ministry and EAC to concentrate first on promoting all the measures for assuring the authority’s financial security and aim at the most minimal increases, especially for the more vulnerable sectors.

He has also requested that the increases are graduated

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