Private firms pocketed solar boom profits as consumers paid €1bn carbon bill, audit finds

Private companies were handed the lion’s share of Cyprus’s renewable energy capacity while consumers paid nearly €1 billion in carbon charges and saw no reduction in their electricity bills, the Audit Office has found. A special report on the Electricity Authority of Cyprus (EAC), published Thursday, found that the Cyprus Energy Regulatory Authority (CERA) gave […]

By Chrysanthos Manoli