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Electricity prices increase twice yearly on average

27 December 2016

The price of electricity has been increased 32 times over the past 16 years, irrespective of which government was in power, a report by Turkish Cypriot daily ‘Kibris’ says.

Electricity price hikes have been made regularly with the maximum increase taking place in 2008.

Following a decision by the Council of Minister, the Electricity Authority’s 23 percent increase in the VAT rate for tariffs valid from December 21, 2016, was a “New Year surprise” for citizens during the cold winter months.

According to research carried out by ‘Kibris’ over the last 16 years from 1 January 2000 to 21 December 2016, it emerges that electricity tariffs are raised almost every year.

Kibris

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