Consumers to pay more for Electricity

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trevnhil
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Consumers to pay more for Electricity

Post by trevnhil »

Trev..
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Jimgward
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Re: Consumers to pay more for Electricity

Post by Jimgward »

Looks to me like a fairly hefty rise coming - mainly due to carbon taxes from those b******* at the EU
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cyprusmax47
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Re: Consumers to pay more for Electricity

Post by cyprusmax47 »

Three weeks ago we were told that the prices for electricity will decrease, which made me laugh ;) as it was already known that there are hefty fines from the EU on the way for 2019.... so now this article which confirms that. :roll:

The only people which are not bothered with future price rises are the ones which already invested in a net-metering system to produce their electricity on the own roofs...

Max
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Jimgward
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Re: Consumers to pay more for Electricity

Post by Jimgward »

Yes, Max, I’m glad to have had mine completed in February and already producing around 23kWh a day, even in February with the poor weather
ApusApus
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Re: Consumers to pay more for Electricity

Post by ApusApus »

The EU causing electricity price rises in Cyprus ……………………… who would have thought that?


Shane
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cyprusmax47
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Re: Consumers to pay more for Electricity

Post by cyprusmax47 »

ApusApus wrote: Fri Feb 22, 2019 8:49 pm The EU causing electricity price rises in Cyprus ……………………… who would have thought that?


Shane
It's about high pollution in Cyprus, generated from producing electricity with the worst fuel on the market - not about politics again.... :roll:

Max
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Re: Consumers to pay more for Electricity

Post by ApusApus »

You're the only one that's mentioned politics Max, I was commenting on the link which highlighted the fact that the EU has increased the purchase price of carbon credits quite substantially!


Shane
jeba
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Re: Consumers to pay more for Electricity

Post by jeba »

Hudswell wrote: Fri Feb 22, 2019 9:09 pm Well it’s the Eu imposing the fines/carbon taxes on Cyprus...which sounds pretty political to me..And whilst there are some of you who have been able to invest in solar metering, well done, there are others who, can’t afford the initial outlay or cannot physically install the equipment, and are subsequently being hit with almost unaffordable bills. PerhapsmthenEU could be better utilised by assisting Cyprus convert to more eco friendly “mass production”
Why can´t Cyprus switch to renewable energy sources on it´s own deliberation. Does it need the EU to learn that this would be a good idea? It seems like a major policy failure to still not have done so. It´s not coming as a surprise that carbon emissions will have to be paid for.
WHL
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Re: Consumers to pay more for Electricity

Post by WHL »

jeba wrote: Sat Feb 23, 2019 8:17 am
Hudswell wrote: Fri Feb 22, 2019 9:09 pm Well it’s the Eu imposing the fines/carbon taxes on Cyprus...which sounds pretty political to me..And whilst there are some of you who have been able to invest in solar metering, well done, there are others who, can’t afford the initial outlay or cannot physically install the equipment, and are subsequently being hit with almost unaffordable bills. PerhapsmthenEU could be better utilised by assisting Cyprus convert to more eco friendly “mass production”
Why can´t Cyprus switch to renewable energy sources on it´s own deliberation. Does it need the EU to learn that this would be a good idea? It seems like a major policy failure to still not have done so. It´s not coming as a surprise that carbon emissions will have to be paid for.
Cyprus is a small country with limited finances, maybe that's the reason to your question.
It's the same with local taxes, we pay peanuts compared to other countries, Im sure there would be an uproar if local councils started charging big time,so to get projects done... the same with the national government.
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Jimgward
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Re: Consumers to pay more for Electricity

Post by Jimgward »

The notion that the big bad EU has caused these problems for Cyprus......

Cyprus has known for many years, of the penalties for not encouraging investment in green energy. They blocked Solar for many years and even now, use limited solar for non-residential production.

The UK has paid largely French companies to build massively in wind generation. Where I live, there are probably 300 turbines in a 360 degree panorama.
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Jimgward
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Re: Consumers to pay more for Electricity

Post by Jimgward »

The RoI on photovoltaic is probably between 5 and 7 years. So between 14 and 20% per annum. That’s better than anyone can get on other investments.

Cyprus could borrow enough to install massive plants and it would cost them nothing.
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Re: Consumers to pay more for Electricity

Post by Kili01 »

The EAC have been told by the EU and the Cy Govt, for the last few years to reduce carbon emissions which are caused by their old generators which run on heavy industrial oil. This is both expensive and highly polluting. After the Mari explosion in 2011 which damaged a number of their generators, as well as the main power station, they had the chance to install new gass fired generators. Which they didn’t. They just rebuilt the generatos as far as I remember, using higher taxes and the insurance money, . The EU wanted them to be privatised with a new investor running and upgrading the electricity producing system as part of the bail out.
But the Unions didn’t want the EACto be privatised so they threaend to strike. In the end nothing was done. That is the situation that EAC are in. They are a state run enterprise and the emplyees are civil servants drawing huge salaries and perks. Which must be paid for, in addition to the fuel cost.
Dee
Kili01
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Re: Consumers to pay more for Electricity

Post by Kili01 »

The EAC have been told by the EU and the Cy Govt, for the last few years to reduce carbon emissions which are caused by their old generators which run on heavy industrial oil. This is both expensive and highly polluting. After the Mari explosion in 2011 which damaged a number of their generators, as well as the main power station, they had the chance to install new gass fired generators. Which they didn’t. They just rebuilt the generatos as far as I remember, using higher taxes and the insurance money, . The EU wanted them to be privatised with a new investor running and upgrading the electricity producing system as part of the bail out.
But the Unions didn’t want the EACto be privatised so they threaend to strike. In the end nothing was done. That is the situation that EAC are in. They are a state run enterprise and the emplyees are civil servants drawing huge salaries and perks. Which must be paid for, in addition to the fuel cost.
Dee
Kili01
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Re: Consumers to pay more for Electricity

Post by Kili01 »

Photo voltaic panels are great. The problem is tha they produce electricity in daylight hours, more when the sun shines. So, at night when elec demand is often high, they would need massive back up batteries to store surplus power, plus a back up source of energy.

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Jimgward
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Re: Consumers to pay more for Electricity

Post by Jimgward »

The storage of energy is indeed a problem - which is why even the EU would not insist on Cyprus being self-sufficient in green energy.

If they moved to whatever the target is - 20% or whatever, it would reduce their fines and pay for itself. It’s folly not too. Short-sighted idiocy, in fact.

There are loads of brownfield sites, such as the gypsum mines, that would make ideal sites for massive solar farms.
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