News Local New year puts an end to EAC's monopoly in provision of electricity

New year puts an end to EAC’s monopoly in provision of electricity

2021 puts an end to the monopoly of the provision of electricity of the Mediterranean island by the Cyprus Electricity Authority, according to Stavros Stavrinos of the Transmission System Operator Cyprus.

Because, he tells Philenews, private electricity supply company Bioland Promithia becomes the first to meet all requirements specified in the Transitional Regulation Rules of the Electricity Market. The contract agreement came in effect as of January 1.

“The operation of Bioland Promithia marks the lifting of the EAC monopoly on electricity supply and the first essential step towards the competitive market,” he said.

“The official operation of the private company is expected around the end of 2021 or the beginning of 2022,” he added.

At the same time, a press release by Bioland Promithia which is a subsidiary of Bioland Holdings Ltd said they aim to become the largest independent supplier of electricity in Cyprus.

The group is already one of the leading providers of renewable energy in Cyprus with vast experience in photovoltaic systems.

“We aim to supply as many electricity consumers as possible with top class service at industry competitive prices,” the press release also said.

“Through innovation, technology and service we intend to efficiently supply consumer energy needs,” it added.

Top Stories

164 new cases, one death announced on Thursday

The Health Ministry announced the death of one person due to COVID-19. This raises the death toll from the virus in Cyprus to 178,...

Where to get antigen rapid tests on Friday

The Health Ministry announced the following antigen rapid test sites for Friday, 22 January 2021: LIMASSOL Parking place Sklavenitis supermarket, Germasogia 08:30-16:30 Parking place Lidl supermarket, Limassol...

Alcohol consumption among Cypriot students high

Alcohol consumption among students has been reduced, the Cyprus National Addictions Authority ascertained on the basis of a European research, conducted every four years....

Earthquake measuring 5 felt all over Cyprus

An earthquake measuring 5 on the Richter scale occurred around 16:30 and was felt all over Cyprus. Due to the earthquake, the Parliament session that...

UK hits 5m vaccine doses as health minister defends scheduling change

British health minister Matt Hancock on Thursday (January 21) lamented another record daily number of COVID-19 deaths, but hailed the achievements of the UK's...


Squash soup

Ingredients: 1 kg pumpkin, cut into small cubes, approximately 5 cups 2 medium (400g) sweet potatoes, cut into cubes, approximately 2 ½ cups 1 chopped leek, only...


No visit to Cyprus is complete without enjoying the traditional meal of many small dishes known as ‘meze’. This large feast, which has been a...

Prawns with fried cheese, barley shaped pasta

Put the barley shaped pasta into a small pan with salted water, bring to a boil and when tender, drain. Peal the prawns leaving...

Salmon and shrimp sheftalies

Mix all ingredients for tabbouli in a bowl and keep to one side so flavours can combine. Prepare the sheftalies: wash and soak the casing...