Heat wave pushes up elec­tric­ity de­mand, cost to drop for busi­nesses

Financial Mirror (Cyprus) - - FRONT PAGE -

Elec­tric­ity de­mand on Tues­day was at a sim­i­lar level to Mon­day’s, which was the high­est of the year at 1020 MW, ac­cord­ing to the Di­rec­tor of the Trans­mis­sion Sys­tem Op­er­a­tor (TSO) Christos Christodoulides who said that over­all pro­duc­tion ca­pac­ity is at around 1180 MW.

“There is suf­fi­cient sup­ply to cover de­mand, pro­vided that no ma­jor faults will af­fect the elec­tric­ity sys­tem and in par­tic­u­lar the pro­duc­tion units,” the TSO Di­rec­tor said.

The weather of­fice noted that tem­per­a­tures reached 42 de­grees Cel­sius in­land and around 32 de­grees Cel­sius on the high­est moun­tains, with the warn­ing level re­main­ing at ‘yel­low’, mean­ing po­ten­tially dan­ger­ous.

At the same time, the wa­ter author­i­ties said that sup­ply re­mained at sat­is­fac­tory lev­els, with reser­voirs half-full at 50% of their ca­pac­ity, com­pared to 38% this time last year.

Mon­day’s elec­tric­ity de­mand reached around 965MW higher than last year’s level of 910MW.

“There is suf­fi­cient power sup­ply, pro­vided we will not have any un­ex­pected dam­age that could af­fect power plants,” the TSO’s Christodoulides said.

Mean­while, the monthly cost of elec­tric­ity for con­sumers – in­dus­trial and com­mer­cial – will be re­duced by 0.57% in Au­gust com­pared to the bills in July.

EAC spokes­woman Christina Pa­padopoulou said that the drop of the elec­tric­ity cost is due to the re­cent de­crease in crude oil prices.

De­spite the de­crease for busi­nesses, house­hold con­sumers will see an in­crease of 2.54% in their two-monthly bills for Au­gust due to the green tax which is paid for the re­us­able energy sources fund and due to the pre­vi­ous in­crease of fuel prices by 1.76%.

The re­duc­tion of elec­tric­ity cost by house­holds will be in­cluded in the next bill.

Guar­an­teed Min­i­mum In­come (GMI) wel­fare re­cip­i­ents will be in­cluded in the elec­tric­ity au­thor­ity’s spe­cial tar­iff cat­e­gory ap­plied for var­i­ous vul­ner­a­ble groups.

The EAC spokes­woman said that to date, some 15,000 do­mes­tic con­sumers ben­e­fited from the spe­cial tar­iff, which pro­vides for a 20% dis­count. This cat­e­gory in­cludes around 7,000 GMI re­cip­i­ents.

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