Cyprus Energy Regulatory Authority (CERA) approved yesterday a 6.96% increase in the electricity bills of customers of Electricity Authority of Cyprus as a result of explosion at the Eleftherios Florakis Naval Base at Mari. Consumers will see the new pricing on the bills that will be issued at the end of September 2011 and the new tariff will also apply for the next ten months. Government Spokesman Stephanos Stephanou also announced yesterday that the Cabinet approved 49 million euro to be given to EAC to cover its costs of renting temporary power generators for a period of one year, he also made clear that not all of EAC’s costs are being passed on to the consumers.

In January we posted an article showing that Cypriot consumers pay the highest electricity prices in Europe, now they just got even higher.