Electricity bills for households climb 5% in November, EAC says
A typical family of four now pays 33 cents per kilowatt hour including VAT, the Electricity Authority of Cyprus said, attributing the rise to costlier fuel.
Household electricity tariffs in Cyprus rose by 5 per cent in November, according to the Electricity Authority of Cyprus (EAC). The figure was confirmed to CNA on Thursday.
A typical two-month bill for a household of four that consumes 800 kilowatt hours reflects the increase, according to EAC spokeswoman Christina Papadopoulou. One kilowatt hour now comes to 33 cents, inclusive of 5 per cent VAT.
Papadopoulou linked the adjustment to more expensive fuel during the ongoing international energy crisis, noting that movements in global oil prices reach consumers roughly two months later because the EAC keeps fuel reserves. The Cyprus Energy Regulatory Authority regulates and approves the tariffs, she added.
"Any future reduction in fuel prices would also be reflected in electricity bills," Papadopoulou said.
What it means for residents
For households, the change shows up in the next two-month statement rather than immediately, so the effect depends on how much power a home actually uses. Because the utility passes oil-price shifts through with a lag, bills may keep moving in either direction for a while.
- Check your consumption. Compare the kilowatt hours on your latest bill with the same period last year before blaming the tariff alone.
- Plan for the winter. Heating and lighting push usage up in the coming months, so budget for a higher statement than in autumn.
- Watch the timing. Any fall in fuel costs should reach bills about two months later, so keep an eye on subsequent statements.
This text is written from the source article and is not a translation of it.
