Energy reg­u­la­tor quits ahead of sec­tor re­forms

Financial Mirror (Cyprus) - - FRONT PAGE -

The Chair­man of the Cyprus Energy Reg­u­la­tory Au­thor­ity (CERA) Ge­orge Sham­mas has re­signed and al­ready in­formed the Pres­i­dent last month. His term in of­fice was sup­posed to ex­pire at the end of Jan­uary 2016.

Sham­mas told re­porters that his res­ig­na­tion has been al­ready ac­cepted by Pres­i­dent Anas­tasi­ades and he asked to re­main in of­fice un­til Septem­ber 30.

Sham­mas said that the main rea­son be­hind his de­ci­sion­was that he had com­pleted his task at CERA, not­ing that it would be much bet­ter for the reg­u­la­tory frame­work of the elec­tric­ity mar­ket to be im­ple­mented by a new Chair­man. As he said, the im­ple­men­ta­tion of the reg­u­la­tory frame­work will last 3-4 years.

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