News Local Price drop in EAC bills for the month of August

Price drop in EAC bills for the month of August

An average household can expect to pay €10 to €15 less on their Augusts electricity bill due to a reduction in the fuel adjustment coefficient, Phileleftheros reported on Tuesday.

This will come as particularly good news for those who use air conditioning for prolonged periods, be it households, stores and hotels, it noted.

Fuel costs for this August will be similar to those for the month of March 2019.

Specifically,  for the past two months EAC charged 4.22 cents per kilowatt-hour coefficient for the fuel adjustment, while the price for the two coming months will be 3.27 cents per kilowatt-hour, a 25% reduction without considering the VAT charge.

Taking into account the VAT, the fuel adjustment coefficient and the standard price fluctuations in the average bill, customers were charged 5.03 cents per kilowatt-hour in the previous two months, while for these two months the cost of the fuel charge will amount to 3.78 cents per kilowatt-hour.

Moreover,  a bill for the consumption of 1,000 kW, EAC charged  225.76 in the previous two months, while, for the same amount of consumption , the bill will be of  €213.27 in these two months. The average reduction in the final bill will be around 5.5%.

This is the second lowest fuel cost since mid-2017, when prices began to rise.

Top Stories

New House President asks for number of personal guards to be halved

Newly-elected House President Adamos Adamou on Thursday requested for the number of police officers personally guarding him to be reduced from 15 to eight. Adamou,...

Greece to unveil one-month plan against COVID-19 on Friday, Oct 30

Greece will introduce further restrictions to curb the spread of COVID-19, Prime Minister Kyriakos Mitsotakis said on Thursday, as further lockdowns were imposed in the...

Nicosia welcomes UN chief’s readiness for Cyprus peace talks to resume

Nicosia on Thursday welcomed the readiness of UN Secretary General Antonio Guterres to provide his good services for the resumption of talks for a...

Fierce fire at printing office in Latsia extinguished (PHOTOS)-UPDATED

A fire which broke out around 11:30am on Thursday at a printing office in the industrial area of Latsia, Nicosia, has been extinguished. This is...

Turkey condemns deadly Nice attack, foreign ministry says

The Turkish Foreign Ministry said on Thursday that it strongly condemned the deadly knife attack in the French city of Nice. In a statement, the...

Taste

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...

Mezedes

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...