
Cypriots pay the second-highest rates for electricity in Europe when adjusted for spending power, Eurostat data released on Tuesday showed.
Only consumers in the Czech Republic pay more for their household energy bills than those in Cyprus, with the former paying 41 purchasing power standard (PPS) per 100 kilowatt hours, while consumers in Cyprus fork out 35.7 .
The PPS is an artificial currency unit, where one PPS unit can