Europe

Focus on falling electricity prices at Friday’s official residence meeting

President Nicos Anastasiades on Friday is holding an important meeting between ministers and representatives of authorities where the energy of jurisdiction comes to ensure that Cyprus’s surprisingly high electricity prices go down.

Philenews reports that the ministers of energy and finance, as well as representatives of the Cyprus energy regulators and the Cyprus power authorities, will attend the meeting at the presidential residence.

The easiest way to lower prices, but the most painful for the state, is to reduce the taxes on electricity, including VAT on the cost of greenhouse gas purchase rights.

This is proposed by the center-right Democratic Party of Japan, which demands that the main opposition, Akel, abolish the value-added tax on electricity consumption tax.

Also, what is being discussed on Friday could be taxing the profits of some solar power plants. However, this tax does not generate significant income that can significantly differentiate consumer billing.

Participants are also expected to focus on the more efficient use of state revenues from greenhouse gas emission allowance auctions. As a result, these annual revenues are directed towards helping EAC customers rather than financing state-related activities in energy. sector.

https://in-cyprus.philenews.com/presidential-palace-meeting-on-friday-aims-to-bring-down-electricity-prices/ Focus on falling electricity prices at Friday’s official residence meeting

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