Elias Hazou
The Cyprus Energy Regulatory Authority (Cera) has unveiled its latest stopgap proposal ahead of the full opening up of the energy market.
CERA head Andreas Poulikas told MPs on Tuesday the authority has drafted a regulation introducing a “market-light,” as he put it, ahead of the transition to full market liberalisation.
Lawmakers also heard that the target now for full liberalisation is by May 2019. The date has been pushed back several times.
CERA is proposing bilateral contracts between electricity producers and suppliers. Under this arrangement, market clearance would take place every calendar month.
