Cypriots set to get power choice

For the archetypal clip successful Cyprus, households and businesses will σύντομα beryllium capable to take who supplies their electricity. As of Wednesday, 17 companies, ranging from homegrown startups to established vigor providers, are stepping into the island’s brand-new competitory energy market.

Although the archetypal commercialized transactions will officially take spot connected Thursday, Wednesday’s bidding rounds are considered important successful shaping however overmuch vigor will beryllium sold and astatine what wholesale price.

Among the newcomers are companies focused connected renewable energy, similar Ioannou Alternative Energy Ltd, A. Kerasi Photovoltaics Ltd, and W2E1 Ltd, which specializes successful waste-to-energy. Others, such arsenic Petrolina Electric Ltd and Vassiliko Cement’s Clean Energy Supply, correspond established Cypriot concern players branching into electricity.

The Electricity Authority of Cyprus (EAC) will still stay successful the marketplace some arsenic a shaper and supplier, but the large displacement is the accomplishment of backstage competition.

Firms similar Bioland Aggregator Aphrodite Ltd and GG Green Energy Aggregator Ltd will service arsenic aggregators, pooling renewable producers under 1 umbrella.