NewsLocalCheaper electricity, water bills in Cyprus through green transition

Cheaper electricity, water bills in Cyprus through green transition

The Cyprus Recovery and Resilience Plan 2021-2026 which aims to secure a green transition will reduce the island’s energy poverty through reduced electricity and water bills.

At the same time, it will improve living conditions of households, Philenews reported on Friday.

According to the Plan, there are more than 400,000 residential buildings and more than 30,000 non-residential buildings in Cyprus.

Almost half of the residential buildings are detached while the building stock of Cyprus is relatively new.

However, as a result of the absence of a substantial energy policy for the construction of these buildings most have a low energy efficiency rating reflected in the final energy consumption of the building sector. This has increased dramatically since the late 1990s.

Based on available statistics, measures have been taken for 49% of the houses and some form of thermal insulation has been done.

In addition, 83% of buildings used for services or other business purposes were constructed prior to the adoption of any minimum energy efficiency.

Top Stories

Taste