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ELECTRICAL ENERGY
Supporting the Great Sea Interconnector
Speaking at COP29, US Assistant Secretary of State for Energy Resources Geoffrey Pyatt reaffirmed US support for the promotion of energy interconnection projects in the Eastern Mediterranean and called the electrical interconnection with Greece and Israel a great opportunity for Cyprus.
Areas that can accommodate electricity storage stations are expanded
A Joint Ministerial Decision (JMD) expands the areas where electricity storage stations can be installed.
Up to five times the price of electricity in the European South
Electricity prices in the European South are five times higher than in the Nordic countries and almost twice as high as in Central and Western Europe, according to an analysis by Eurelectric (the European electricity industry organisation).
Benefits of Greece-Cyprus-Israel electrical interconnection
The electrical interconnection between Greece, Cyprus, and Israel bears great benefits for consumers and states.
Heating with electricity: Subsidy from January 1st
The subsidy will start from the beginning of the new year.