‘Smart purchases’ of fuel stocks by the Electricity Authority of Cyprus (EAC) should offset a potential coming hike in the basic electricity rate, the energy minister said on Tuesday.
George Papanastasiou was referring to futures contracts on fuel purchases made by the state-run power corporation.
He was discussing anew with deputies the EAC’s intention to increase its electricity tariff on invoices by 3 per cent.
The request for the increase
