The gradual abolition of the two fees included in electricity bills to fund renewable energy sources (ETMEAR) and supplying islands with electricity (YKO) are among the actions the Environment and Energy Ministry is planning, to reduce consumer bills for electric power.
This is a move that aims for the gradual phase-out of lignite units and an increase in renewable energy sources, with a particular emphasis on wind energy
Cyprus has yet to decide whether it will remain the last energy-isolated country in the EU or gain access to the European electricity market through Greece.
They also discussed collaboration in renewable energy sources. The meeting was followed by a working lunch, with Greek and Bulgarian delegations participating.
Under the scheme of 150 million euros, the aid will take form of direct grants and will be channelled through electricity suppliers in the form of electricity bill reductions.
