5 Minute News

President's Rejection of Electricity Price Increases

May 11, 2025

The President of the Republic, Christodoulides, requested that there be no increases in electricity prices. In a meeting with the Electricity Authority and the Regulatory Authority, he emphasized the importance of avoiding increases at this time. The Regulatory Authority is considering requests from the Electricity Authority for increases of about 8-9%, but a decision on this is still uncertain. The pressure to raise prices remains a crucial issue for consumers.