Electricity prices to rise by more than 5% in June
- memory man
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Electricity prices to rise by more than 5% in June
Household consumers will see an increase of more than 5% in their June electricity bills, according to the Electricity Authority of Cyprus (EAC).
According to EAC spokeswoman Christina Papadopoulou, the increase is due to a rise a in global oil prices.
She said that EAC must keep fuel reserves for three months. Authorities check the average cost of fuel every month, she added.
https://in-cyprus.com/electricity-price ... -june-eac/
According to EAC spokeswoman Christina Papadopoulou, the increase is due to a rise a in global oil prices.
She said that EAC must keep fuel reserves for three months. Authorities check the average cost of fuel every month, she added.
https://in-cyprus.com/electricity-price ... -june-eac/
Re: Electricity prices to rise by more than 5% in June
Oil prices have come Down in recent weeks hence the drop in Petrol and Diesel fuel prices..
Trev..
Re: Electricity prices to rise by more than 5% in June
You and HiC should get together and decide whether oil prices have gone up or down!
- cyprusmax47
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Re: Electricity prices to rise by more than 5% in June
Just got a e-mail from EAC with my latest bill and it is as it was in previous periods 19.82 Euro+VAT for the 2 month, thanks to my small PV system I installed one year ago. It just confirms that I did the right decision to invest some money to produce my own electricity on the roof...and many people with the space for the panels are as happy as I am..
Max
Max
Re: Electricity prices to rise by more than 5% in June
I am certainly happy that we installed PV panels on our roof. We are producing around 18 to 19kwh on a clear day
Trev..
Re: Electricity prices to rise by more than 5% in June
I have lived here for over thirty years thanks, let us know when the new power station has been build, and running cheers
Re: Electricity prices to rise by more than 5% in June
Producing on average 30kwh per day - over 800 per month and climbing
Re: Electricity prices to rise by more than 5% in June
But one has to assume you are on more than the average number of panels, ie more than a 3kw system
Trev..
Re: Electricity prices to rise by more than 5% in June
When I was living in Kamares I had a 3kwh system installed, which caused an immediate drop in my electricity charges thereafter. Since I moved house to be closer to Paphos, I no longer have PV panels. Yes, even though I now have a much smaller house, without a PV system, I was surprised how much my elec bill is now! Am even considering installing PV here, if there is enough space to do this.
Dee
Dee
- cyprusmax47
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Re: Electricity prices to rise by more than 5% in June
If you have not enough space for a 3 kWp system you can also install a smaller system for less investment. I have for example a 2 kWp installation which gives me daily 12-13 kWh per day at the moment. (7-8 panels only)Kili01 wrote: ↑Tue Jun 11, 2019 11:25 am When I was living in Kamares I had a 3kwh system installed, which caused an immediate drop in my electricity charges thereafter. Since I moved house to be closer to Paphos, I no longer have PV panels. Yes, even though I now have a much smaller house, without a PV system, I was surprised how much my elec bill is now! Am even considering installing PV here, if there is enough space to do this.
Dee
Max
Re: Electricity prices to rise by more than 5% in June
Max,
I didn’t know about this. Could you give me a rough idea of overall costs for a smaller system
As well as a suggestion of which company to provide it. My previous installer was Larnaca based.
Thanks for any suggestions.
Dee
I didn’t know about this. Could you give me a rough idea of overall costs for a smaller system
As well as a suggestion of which company to provide it. My previous installer was Larnaca based.
Thanks for any suggestions.
Dee
- cyprusmax47
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Re: Electricity prices to rise by more than 5% in June
I would of course recommend GreenAir Paphos, as I have a very close relationship with them. You find their contact details on the banner advertising here on PL. To get the best price they have to see your place. You can phone Mr. Andreas or Mrs. Lina at 26 941 555 to get more details. Of course they do all the paperwork for you as well...
Max
Re: Electricity prices to rise by more than 5% in June
Thanks for this info Max. I am living on a complex now, albeit with my own roof space. I wonder if anyone on a complex has done this before?
Dee
,
Dee
,
- memory man
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Re: Electricity prices to rise by more than 5% in June
June and July electricity bills to be up to 11% more expensive than last summer
Electricity bills in June and July are expected to be between 5%-11% more expensive than the same period last year, philenews reports.
It said that the increase is attributable to a rise in fuel prices and the use of air-conditioners.
Specifically, the surcharge on each kWh resulting from the rise in fuel prices has increased by 80% per kWh compared to June and July of 2018 and by 33% compared to last May.
The fuel price surcharge in June and July 2018 was 2.30 cents per kWh, 3.19 cents last May and now it amounts to 4.14 cents per kWh.
A kWh of electricity now costs 14.60 cents while in June and July of 2018 it costed 11.76 cents and 12.66 cents in last May.
The final increase, considering other surcharges will be around 5%-11% on each bill.
This means that:
A household with low consumption (417 kWh) will now pay a bill of €96.92 compared to €87.5 last year and €92.44 in the past two months.
A household with average consumption (800 kWh) will now pay a bill of €179.70 compared to €161.60 last year and €170.64 in the past two months.
A household with high consumption (1200 kWh) will now pay a bill of €266.07, compared to €238.90 last year and €252.55 in the past two months.
https://in-cyprus.com/june-and-july-ele ... st-summer/
Electricity bills in June and July are expected to be between 5%-11% more expensive than the same period last year, philenews reports.
It said that the increase is attributable to a rise in fuel prices and the use of air-conditioners.
Specifically, the surcharge on each kWh resulting from the rise in fuel prices has increased by 80% per kWh compared to June and July of 2018 and by 33% compared to last May.
The fuel price surcharge in June and July 2018 was 2.30 cents per kWh, 3.19 cents last May and now it amounts to 4.14 cents per kWh.
A kWh of electricity now costs 14.60 cents while in June and July of 2018 it costed 11.76 cents and 12.66 cents in last May.
The final increase, considering other surcharges will be around 5%-11% on each bill.
This means that:
A household with low consumption (417 kWh) will now pay a bill of €96.92 compared to €87.5 last year and €92.44 in the past two months.
A household with average consumption (800 kWh) will now pay a bill of €179.70 compared to €161.60 last year and €170.64 in the past two months.
A household with high consumption (1200 kWh) will now pay a bill of €266.07, compared to €238.90 last year and €252.55 in the past two months.
https://in-cyprus.com/june-and-july-ele ... st-summer/
Re: Electricity prices to rise by more than 5% in June
If they can´t agree they might check on https://finance.yahoo.com/quote/BZ%3DF?p=BZ%3DF
- cyprusmax47
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Re: Electricity prices to rise by more than 5% in June
I wonder why these articles from the local press concerning electricity prices, always take us for an idiot, telling the price of one unit is only 14.60 cent, when in reality it is between 24 and 28 cent per kWh, depending on your consumption figures. If one reads the article three times you will not come to the same result....memory man wrote: ↑Wed Jun 12, 2019 7:21 am June and July electricity bills to be up to 11% more expensive than last summer
Electricity bills in June and July are expected to be between 5%-11% more expensive than the same period last year, philenews reports.
A kWh of electricity now costs 14.60 cents while in June and July of 2018 it costed 11.76 cents and 12.66 cents in last May.
https://in-cyprus.com/june-and-july-ele ... st-summer/
Max
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Re: Electricity prices to rise by more than 5% in June
Could it be because they are quoting the price charged per unit consumed, without factoring in all the ancillary expenses such as meter rental, meter reading, etc etc.cyprusmax47 wrote: ↑Wed Jun 12, 2019 11:56 am
I wonder why these articles from the local press concerning electricity prices, always take us for an idiot, telling the price of one unit is only 14.60 cent, when in reality it is between 24 and 28 cent per kWh, depending on your consumption figures. If one reads the article three times you will not come to the same result....
Max
Last time I checked my usage versus generation, I was using an average of 5 units per day, and generating a net average of 15, with a 3Kwh photovoltaic net metering system set up by AndiSolartec.
Kay
Those who do not like cats, must have been mice in a former life!
Those who do not like cats, must have been mice in a former life!
Re: Electricity prices to rise by more than 5% in June
Thanks for that Flossie.Flossie wrote: ↑Wed Jun 12, 2019 9:18 am To strengthen my earlier post that was met with scornful derisory remarks here is the story about the new power station that will hopefully signal the end of the AIK monopoly extortionate prices!
https://cyprus-mail.com/2019/02/16/priv ... gy-sector/
Why does the 'I'm alright Jack' panel brigade feel the need to smugly hijack any thread to do with EAC electricity prices?
David
Dishonesty is the second best policy
Dishonesty is the second best policy