The new measures decided at the presidential meeting to deal with electricity price increases[/URL] are criticised by AKEL, stating that "they ended without any substantial result", claiming that they are "not "capable" of reducing the price.
"Consumers remain unprotected in the face of constant price increases and galloping prices. They continue to pay for the government's inaction in implementing a comprehensive energy plan, with the result that Cyprus remains a laggard in renewable energy. The inaction also concerns investments in storage systems as the government should have proceeded 10 months ago," AKEL says.
At the same time, it reminds that AKEL has submitted to the government a comprehensive framework of proposals to address the increases in energy costs many months ago. "Among our proposals is the holding of tenders for renewable energy sources, which will ensure cheaper electricity, as is the case in other European countries. However, the government refuses to take a position."
"We also call for the taxation of "windfall profits" of energy companies, as has been done in other countries. The tools are there. What is needed is real political will to relieve consumers from the increases in the cost of electricity, which the government constantly convinces them it does not have," concludes AKEL.
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