Reasons Behind Producers' Disinterest in the Competitive Electricity Market
November 29, 2024
The announcement from the Cyprus Transmission System Operator reveals the reluctance of private electricity producers and suppliers to engage in the competitive electricity market. Despite the Operator's appeals since April, interest remains low, with some producers satisfied with current arrangements and their profits. This situation raises concerns about the future of the market, and indications suggest that the new market may not lead to price reductions. Participants are warned of potential delays in enrollment due to a lack of applications.