Energy regulator quits ahead of sector reforms
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.