CERA, with Decision 160/2017, has approved the content of the new invoice of EAC Supply. The new invoice shows the various charges imposed by regulated activities on consumers. The new information can help consumers make better decisions about their consumption patterns and will help them choose supplier.

The new invoice shows the following charges:
  • Energy variable cost: It corresponds to the generation cost of electricity consumed.
  • Network use: It corresponds to the cost for the use of the transmission and distribution system and the charge for the Transmission System Operator of Cyprus (TSOC).
  • Ancillary services: It corresponds to the cost of safe and uninterrupted operation of the power system.
  • Metering: It corresponds to the cost of meter reading.
  • Supply of electricity: It corresponds to the cost of management services provided by the Electricity Supplier to its customers (invoicing, etc.).
  • Cost of Fuel Adjustment: An adjustment for the cost related to fossil fuel used in electricity generation.
  • Public Service Obligations: A charge by the supplier to recover the additional cost incurred in implementing the Special Household Tariff for specific categories of vulnerable consumers.
  • RES and energy saving fund: A specific charge that EAC receives and then pays to the Renewable Energy Sources and Energy Saving Fund of the Ministry of Energy, Commerce, Industry and Tourism.
  • V.A.T.: Value-Added Tax 19%.
     
More information on electricity prices and their calculation methodology can be found in the FAQ.

The following pie chart shows the breakdown of electricity price (at basic fuel price) to its various components, for an average household consumer with consumption of 600 kWh in December 2017. It is noted that any fuel price above 300 €/MT will adjust the invoice upwards and increase the share of energy charge, while for any fuel price below 300 €/MT the opposite will happen.