The Hellenic Electricity Distribution Network Operator (HEDNO) has proposed a significant increase in penalties for electricity theft, suggesting that offenders be charged double the current market price for stolen energy. Under the new plan, those caught stealing electricity will be billed retroactively from the date the theft began and will also bear the costs associated with its detection. This initiative comes in response to a rise in electricity theft and aims to align penalties with current energy costs, ensuring that consumers who pay their bills do not subsidize those who do not.
Tag: electricity market
Prime Minister Kyriakos Mitsotakis emphasised that the government’s interventions aim to immediately improve citizens’ daily lives by addressing long-standing issues. During a cabinet meeting, he highlighted positive trends in inflation and supermarket prices, reaffirmed the government’s commitment to consumer protection in the electricity market, and discussed significant reforms in education and legal transparency.
In a significant development for Cyprus’ energy sector, the implementation of the Greece-Cyprus electrical interconnection,…