Objectives, Powers and Responsibilities of the Cyprus Energy Regulatory Authority (CERA) for the Electricity Market.

According to the Electricity Market Regulation, CERA has the following objectives, powers and responsibilities:
 
  • It acts as the Dispute Resolution Authority.
  • It is a single point of contact for informing consumers.
  • Promotes Renewable Energy Sources.
  • Encourages and facilitates genuine competition in the Electricity Market, avoiding adverse discrimination and aiming ultimately at reduced prices.
  • Protects the interests of the final consumers. 
  • Promotes the development of an economically viable and efficient Electricity Market.
  • Ensures adequacy in electricity supply for the satisfaction of all reasonable needs and demands for electricity.
  • Safeguards the Continuity, Quality, Reliability and Security of electricity supply.
  • Encourages the efficient use and generation of electricity.
  • Issues, controls, enforces, amends and recalls Licences or grants Exemptions from a Licence.
  • Ensures that Licensees operate efficiently and are in a position to finance the business activities for which the Licence has been issued.
  • Determines, publishes and imposes quality standards with which Licensees have to comply.
  • Regulates tariffs, charges and other terms and conditions to be applied by Licensees, for any services provided according to the terms of their Licences. 
  • Promotes the development of regional markets within the Community so that they operate competitively and properly in order to achieve security of supply. 
  • Promotes the elimination of restrictions in the electricity trade among Member States, including developing appropriate cross-border transmission capacities to meet demand and enhance the integration of national markets.
  • Ensures that the Rules governing the operation of electricity networks and the electricity market (Transmission and Distribution Rules and the Electricity Market Rules) are prepared and approved in accordance with the Law.  
  • Sets the rules or the procedures under which complaints are examined which relate to services offered by the Licensees including, when it considers it appropriate, the carrying out of investigations and the taking of decisions for such complaints.
  • Carries out investigations, either following the submission of a complaint or initiated by CERA ex officio.
  • Imposes administrative fines in the event of violation of laws or regulations.
  • Ensures the implementation of the provisions of Regulation (EU) no 1227/2011.
  • Promotes Research and Development in the field.
  • Prepares and implements long-term planning regarding capacity for generation, transmission and distribution on a long-term basis, in order to meet the demand for electricity in the system and to secure supplies to customers and includes security of supply, energy efficiency / demand-side management and achievement of environmental objectives and targets for energy from renewable sources.

During the execution of its duties and exercising its authorities and jurisdictions, CERA can:
 
  • Take decisions in accordance with the provisions of the Law and the Regulations issued thereunder.
  • Take regulatory decisions to determine how it will regulate the electricity market and which licensees will be bound by such a regulatory decision.
  • To issue Regulations on the basis of the Law.