Cyprus' EAC canceled a meeting with EMA over alleged agreement violations in grid privatisation.

The Electricity Authority of Cyprus (EAC) canceled a meeting with the Electricity Market Association (EMA) over allegations that EMA violated an agreement regarding Cyprus' grid privatisation. EMA had previously called for a competitive electricity market and a regulatory framework. EAC Chairman Giorgos Petrou accused private producers of overcharging customers while Professor Constantinos Hadjitassou suggested balancing public and private sectors in the energy sector.

August 26, 2024
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