{"id":3596,"date":"2025-02-12T03:25:03","date_gmt":"2025-02-12T03:25:03","guid":{"rendered":"https:\/\/in-greece.com\/index.php\/2025\/02\/12\/no-sign-of-power-rate-fall-in-cyprus\/"},"modified":"2025-02-12T03:25:03","modified_gmt":"2025-02-12T03:25:03","slug":"no-sign-of-power-rate-fall-in-cyprus","status":"publish","type":"post","link":"https:\/\/in-greece.com\/index.php\/2025\/02\/12\/no-sign-of-power-rate-fall-in-cyprus\/","title":{"rendered":"No sign of power rate fall in Cyprus"},"content":{"rendered":"<p> <br \/>\n<\/p>\n<div id=\"post-1261426\">\n    <!-- .entry-header --><\/p>\n<div class=\"first-img article_thumbnail_wrapper\" itemscope=\"\" itemprop=\"associatedMedia\" itemtype=\"http:\/\/schema.org\/ImageObject\">\n                                                                    <picture><source media=\"(max-width: 767px)\" srcset=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/03\/Cyprus_EAC-320x200.jpg?v=1710970218\"><img loading=\"lazy\" decoding=\"async\" width=\"960\" height=\"600\" class=\"picture-main-block-image\" data-nxsrc=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/03\/Cyprus_EAC.jpg?v=1710970218\" alt=\"No sign of power rate fall in Cyprus\" src=\"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/03\/Cyprus_EAC-960x600.jpg?v=1710970218\"\/><br \/>\n                        <\/source><\/picture>\n                                                        <\/div>\n<div class=\"entry-content\" itemprop=\"articleBody\">\n<p>Electricity prices in Cyprus are expected to remain elevated for the next two years, according to George Petrou, chairman of the Electricity Authority of Cyprus (EAC). Petrou made the remarks during a House finance committee meeting on the EAC\u2019s 2025 budget.<\/p>\n<p>Petrou cited the continued absence of natural gas, insufficient renewable energy storage capacity, and the need for further renewable energy integration as key factors contributing to the price outlook. He noted that without these developments, consumer electricity prices for households and businesses are unlikely to decrease. His comments echoed similar statements made by the energy minister earlier this year. EAC is exploring strategies to mitigate fuel cost fluctuations, including working with expert advisers to develop a hedging strategy to address euro-dollar exchange rate risks.<\/p>\n<p>Regarding natural gas, Petrou stated that infrastructure improvements are necessary before it can be used for electricity generation. Nicosia has previously indicated that the Vasiliko liquefied natural gas (LNG) terminal, which will convert imported LNG into gaseous form for use at the nearby Vasiliko power station, is expected to be completed by end-2025.<\/p>\n<\/p><\/div>\n<p><!-- .entry-content --><\/p>\n<\/div>\n<p><script>\n        var NXFBPixelFunc = function () {\n            document.removeEventListener(\"scroll\", NXFBPixelFunc);\n            setTimeout(function () {\n                !function (f, b, e, v, n, t, s) {\n                    if (f.fbq) return;\n                    n = f.fbq = function () {\n                        n.callMethod ?\n                            n.callMethod.apply(n, arguments) : n.queue.push(arguments)\n                    };\n                    if (!f._fbq) f._fbq = n;\n                    n.push = n;\n                    n.loaded = !0;\n                    n.version = '2.0';\n                    n.queue = [];\n                    t = b.createElement(e);\n                    t.async = !0;\n                    t.src = v;\n                    s = b.getElementsByTagName(e)[0];\n                    s.parentNode.insertBefore(t, s)\n                }(window, document, 'script',\n                    'https:\/\/connect.facebook.net\/en_US\/fbevents.js');\n                fbq('init', '109138906120213');\n                fbq('track', 'PageView');\n            }, 0)\n        };\n        document.addEventListener(\"scroll\", NXFBPixelFunc);\n    <\/script><br \/>\n<br \/><br \/>\n<br \/><a href=\"https:\/\/www.ekathimerini.com\/economy\/energy\/1261426\/no-sign-of-power-rate-fall-in-cyprus\/\">Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Electricity prices in Cyprus are expected to remain elevated for the next two years, according to George Petrou, chairman of the Electricity Authority of Cyprus (EAC). Petrou made the remarks during a House finance committee meeting on the EAC\u2019s 2025 budget. Petrou cited the continued absence of natural gas, insufficient renewable energy storage capacity, and &#8230; <\/p>\n<p class=\"read-more-container\"><a title=\"No sign of power rate fall in Cyprus\" class=\"read-more button\" href=\"https:\/\/in-greece.com\/index.php\/2025\/02\/12\/no-sign-of-power-rate-fall-in-cyprus\/#more-3596\" aria-label=\"Read more about No sign of power rate fall in Cyprus\">Read more<\/a><\/p>\n","protected":false},"author":1,"featured_media":3597,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"fifu_image_url":"https:\/\/www.ekathimerini.com\/wp-content\/uploads\/2024\/03\/Cyprus_EAC-960x600.jpg?v=1710970218","fifu_image_alt":"","footnotes":""},"categories":[2],"tags":[],"class_list":["post-3596","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","no-featured-image-padding"],"_links":{"self":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/3596","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/comments?post=3596"}],"version-history":[{"count":0,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/posts\/3596\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media\/3597"}],"wp:attachment":[{"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/media?parent=3596"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/categories?post=3596"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/in-greece.com\/index.php\/wp-json\/wp\/v2\/tags?post=3596"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}