New electricity bill rise coming

[Paphos Life]

Cyprus consumers will soon face a new increase in their electricity bills as the Electricity Authority of Cyprus encompasses a rise in international fuel prices and a small increase approved by the Energy Regulator....

Read the article and chat about it below...

[cyprusmax47]

Another reason to invest in solar energy to produce your own electricity from the sun
with net-metering system and panels on your roof. ROI (return of investment) is getting
better and better as this will be not the last rise of electricity bills from EAC.. wait and see!
Max

[trevnhil]

Yes, the rise in prices does not affect those of us with the system you mention, who are not paying for any electricity.

Trev..

[cyprusmax47]

Trevnhil

Of course it will affect you and all the other people clever enough to install a net-metering
Solar System as it reduces the time that you have your investment payed back!! ROI.

[trevnhil]

Yes indeed. I was referring to the fact that I personally would not be paying any increased charges .

Cheers. Trev..

[geoffreys]

Yes indeed. I was referring to the fact that I personally would not be paying any increased charges .

Cheers. Trev..

But how much interest would you have made if you had, instead, put the money in a north Cyprus account at 8%+ PA?
Swings and roundabouts?
Geoff.

[cyprusmax47]

But how much money one would get if he goes gambling there????? ho ho
Max