In a discussion about the state's expectations from the Electricity Authority of Cyprus (EAC) and its vision for the Authority's evolution in the green transition, Energy, Commerce, and Industry Minister Giorgos Papanastasiou shared insights during his inaugural meeting with the new Board of Directors of the Authority, as he reported to the Cyprus News Agency.

Minister Papanastasiou, in the meeting held Tuesday afternoon at the Ministry, highlighted critical issues the state expects the EAC to address. These include upgrading the Dekelia Power Station, developing photovoltaic parks to integrate into the EAC's energy mix, enhancing the transmission network for improved efficiency, and fostering a culture within the Authority that views the state as a collaborator rather than an adversary in the EAC's endeavors.

Further, the Energy Minister emphasized the need for the EAC to reorient its focus towards customer service. He advocated for the Authority to perceive itself as a service-oriented organization, prioritizing consumer needs.

Meanwhile, in an announcement, the new Board of Directors of the EAC declared its decision not to pursue the recovery of expenses for the year 2023.

Following recommendations from the President of the Republic of Cyprus, and building on the outcomes of the recent Board meeting with Minister Papanastasiou, the Board sought and reviewed information from the EAC management regarding an appeal. This appeal was against the Cyprus Energy Regulatory Authority's (CERA) decision to reject the Authority's request for a tariff increase of 13% in 2023 (and not 25% as has been reported.)

The announcement concluded with a reaffirmation of the collective goal: to steer the EAC towards a path of sustainable strategic development, emphasizing societal responsibility and the well-being of households.