Cyprus receives more energy from the sun per square metre than anywhere else in Europe and yet there is no end in sight to our energy woes
“Between May and September this year, we paid €1,633 for our electricity bill,” explains Christina, of Limassol.
Andreas, also from Limassol, said that his electricity bills seriously eat into monthly budgeting, and sacrifices were having to be made. “Over two months in the summer our bill was €1,055. We don’t use the ACs excessively – only when we need to. We have two young kids, it’s difficult to sit in the heat all day.”
Why, specifically, are bills so high? And what can be done to improve matters?
Cyprus still produces over 80 per cent of its electricity by burning heavy oil at its three thermal power stations. This creates an inextricable link between oil prices and power prices. The price of Heavy Fuel Oil (HFO) burned by the generators is up significantly within the last three years, and with the Organisation for Petroleum Exporting Countries (OPEC) recently announcing coordinated efforts to drive oil prices even higher, it is unlikely the near future will bring any relief.
Full story:-
https://cyprus-mail.com/2023/10/08/watt-the-heck-is-going-on/