The energy sector in Cyprus is undergoing fundamental transformations concerning its structure and organization, its institutional framework and the diversification of its energy mix, Minister of Energy, Commerce, Industry and Tourism George Lakkotrypis has said.
In his address at the signing ceremony of the Memorandum of Understanding (MoU) between the Cyprus Energy Regulatory Authority (CERA) and the Austrian Energy Regulatory Authority E-Control, Lakkotrypis said, inter alia, that in an effort to open up the market to new participants, the Regulatory Authority has proposed the Net-Pool model, setting June 2016 as the milestone for its commercial operation.
Published by: www.cna.org.cy
