How will Cyprus “brake” the increases in energy costs

The measures being considered by the Cypriot government in collaboration with the European Commission, to mitigate the effects, on households and businesses, of the rise in oil prices move in two directions. The most important intervention, which will concern all countries, is the increase of emission rights in the market, a development that will lead to a reduction in the cost of its acquisition, leading to a reduction in the price of electricity. The second set of measures is oriented towards fuel tax reductions. The measures, based on the guidance received by the member states of the European Union from the president of the European Commission, Ursu…