Posts by tag: groucho marx

Archives April 12, 2013 posted by

NEW: Regulator cuts electricity prices by 5pc

IN light of the serious economic crisis sweeping the island, the energy regulator (CERA) decided to cut the price of electricity by 5.0 per cent, it was announced today.

The reduction will be temporary and will be reviewed every two months, CERA said.

The reduction follows a recent decision to scrap a 5.75 per cent surcharge on electricity bills imposed after the Mari naval-base munitions explosion incapacitated Cyprus’ largest power station.

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