The President of the Republic Mr. Nicos Anastasiades chaired today, at the Presidential Palace, a meeting on the course of the EAC in the new competitive environment, with the participation of the Ministers of Energy Ms. In her statements after the meeting, Ms. Pileidou said that the meeting was aimed at "discussing the opening of the competitive market and providing all the tools to AHK, so that it can modernize and not only survive in the competitive market, but also provide better services to consumers at the cheapest possible prices."
In her statements after the meeting, Ms. Pileidou said that the meeting was aimed at "discussing the opening of the competitive market and providing all the tools to AHK, so that it can modernize and not only survive in the competitive market, but also provide better services to consumers at the cheapest possible prices.
We are in the final stage of completing the market operation system. The opening of the market is rolling out for Autumn 2022, so we are entering the final stretch and as far as the operation of the software system is concerned, we will start testing with all the providers in the next period, that is in Spring 2022, with the aim to have a normal opening in Autumn.
There are too many issues still pending that have to do with the empowerment, especially of the AHK sectors that will have to provide services to all providers. And it is these issues that were discussed today, as well as other issues of concern to AHK for which the state will provide all the necessary support, in the context of course of the new competitive market framework which is also a priority for the state.
The President of the Republic clarified that the main concern of the state is the consumer, is to reduce, to the maximum extent possible, the cost of electricity and therefore we will provide the necessary tools to AHK, so that it can proceed with the plans for modernisation and further penetration of RES.
At the same time, we will give all the tools to the competitive market and the market opening project, so that additional providers can enter the market in addition to the two that are already in the transitional market successfully and for the benefit of the consumer and Cypriot citizens."
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