EAC proposes 3 per cent tariff hike after presidential intervention

The electricity authority (EAC) is to propose a 3 per cent increase in the price of electricity paid by consumers , its chairman George Petrou said on Tuesday.

The plan comes after the EAC had initially requested from the Cyprus energy regulatory authority (Cera) that consumer tariffs be raised by 7.5 per cent, with President Nikos Christodoulides then intervening to “sternly urge” the EAC to not follow through with such