The budget of the DSMK is € 17,459 million and is marginally surplus, with a total revenue of € 17,479 million.
The House of Representatives approved the budgets of the Cyprus Transmission System Operator (DSMK) and the Cyprus Energy Regulatory Authority (RAEK) for the year 2025. The approval of the budget of the DSMK was accompanied by criticism by Members of the Energy Policy followed by the state -resulting energy policy.
The budget of the DSMK is € 17,459 million and is marginally surplus, with a total revenue of € 17,479 million approved with 24 votes in favor, 2 by 2 abstentions by MPs Kostis Efstathiou and Alexandra Atalidou.
The budget of RAEK was approved by 17 votes in favor, 2 against ELAM and 2 abstentions by MPs Kostis Efstathiou and Alexandra Atalidou. The budget of RAEK is € 5.68 million and is deficient, with a projected revenue of € 3.32 million.
During the debate on the budget of the DSMK, AKEL MP Andreas Passiouridis accused the state of unreliability against the citizens who invested in renewable energy (RES). “We invite them to invest, but in the most productive hours we cut their production,” he said, noting that the indignation of the world is completely justified. At the same time, he rejected responsibilities to those who had energy management and handed over, as he said, a situation that can only be described as chaos. He noted that the responsibilities must be attributed to where they belong and certainly the EAC is not responsible. Finally he said that photovoltaics for everyone became photovoltaics for a few.
ELAM MP Sotiris Ioannou described as “scandalous” the fact that the state urged citizens to invest in photovoltaics and now cuts out production. He also said that last year, when the budget of the DSMK was filed, there were warnings about the cuts. Nevertheless, he said, the problem deteriorated. He recalled that by 2023 large photovoltaic parks were obliged to have storage systems, but this was abolished, burdening the network.
DIKO MP Panikos Leonidou said the place is brutally suffering from decisions of the past, stating that a “strange element” is hidden behind each decision. It requested immediate upgrading of the network and applying a truly competitive energy market model. He said that the body should at some point under Chapter D discussing the issues of energy and all those who have contributed to this deadlock to be judged by the competent authorities of the state.
DISY MP Onoufrios Kallas expressed his strong dissatisfaction with the cuts in the production of photovoltaic electricity, describing the phenomenon “problematic and unacceptable” for citizens. He noted that they did not respect what they had promised.
At the same time, he argued that the problem was known for a long time and had been taken into account by the competent minister, namely that the installation of photovoltaics without storage made no sense.
He also noted that five or ten years ago, storage was prohibitively accurate, but there was a plan to create a storage plan with guaranteed funding from the previous government, but which was slow to be announced by the current government, he said.
Nicosia MP Alexandra Attalidou attributed responsibilities to the EAC councils and those who served as ministers of energy for the energy crisis facing the country.
He noted that the problem is that no one is accountable, while citizens pay the price out of their pocket.
Ms Atalidou also referred to the creation of organizations with numerous executives who – as she argued – operate for their own benefit, without being subject to substantial control, and as he said there were cases of conflict of interest, where people within the organization were opposed to the interest of the citizens.
EDEK President Marinos Sizopoulos referred to the main cause of cuts that are overproduction of low demand hours. He said that the problems had to be solved with a forecast for storage, but also to get special systems into the home electrical installations to use household production only and not to be transferred to the EAC system against rush hour. He agreed that many were responsible and said that pressure had to be exerted to improve these issues and reduce the price of electricity.
Source: KYPE