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Papanastasiou gave an answer to the employers about the water ceiling

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Fuel is also expensive, he added, saying that the Ministry of Energy has given suggestions and proposals to the Ministry of Finance for compensatory measures, if the green tax is imposed

Απαντηση στουσ εργοδoτες για το πλαφoν στο νερo&delta ;ωσε ο Παπαναστασου

A matter for the Ministry of Finance is whether the price of fuel will increase, said Energy Minister Giorgos Papanastasiou, responding on Thursday to a question about what the Government will do, as the end of the month the fuel subsidy is abolished and the green tax will be imposed. However, Mr. Papanastasiou mentioned that at the moment there is an evaluation based on the obligations we have towards the European Commission, while there is also the matter of the budget, but he called it important that the consumer is not further affected by the accuracy. Fuel is also expensive, he added, saying that the Ministry of Energy has given suggestions and proposals to the Ministry of Finance, which should decide by the end of the month what it will impose and what compensations will be offered if green taxation is imposed.

Asked to comment on the OEB and KEBE reactions to the ceiling on the price of water at airports, Mr. Papanastasiou said that “any reactions must be documented. We believe that the consumer has rights and as a Ministry that has the Consumer Protection Service, we should also prioritize the consumer”.

The statements were made after a meeting of the Minister of Energy with the leadership of AKEL at the party's offices, with Stefanos Stefanou stating on the matter that “it is imperative that the Government take the initiative, first to decide on the further extension of the measures and then the end of March. Secondly, he should postpone the imposition of the so-called green taxes, in view of the fact that nothing has yet been decided in the EU and is under discussion.”

“Why should we be more royal than the king considering who is the situation; Much more, when the bill comes for consultation without knowing what the compensatory measures are,” added the AKEL General Secretary.

AKEL's position, he summarized, is not to introduce green taxes now, until we see what happens to Europe, to extend the existing measures and to introduce measures recommended by AKEL for the temporary reduction of prices until all that is needed for to have affordable energy prices for households and businesses.

Ceiling on water

Asked about the cap and whether it includes other products besides water, the Minister of Energy and Commerce said “at this stage only water”, As he said, there are some points of sale such as airports, stadiums and some hospitals where they have identified that water should have a ceiling on its price. The ceiling will apply, he explained, to half-litre and 750ml bottles, and the seller should have at least one brand below the ceiling price and there should be sufficient stock on the shelf and fridge of that brand.

Asked to comment on the OEB and KEBE reactions to the ceiling on the price of water at airports, Mr. Papanastasiou said that “any reactions must be documented. We believe that the consumer has rights and as a Ministry that has the Consumer Protection Service, we should also prioritize the consumer”.

Statements after the meeting

Mr. Stefanou described the meeting as interesting and productive in a critical and sensitive period regarding the energy policy in Cyprus and in relation to the global energy crisis and the energy prices paid by consumers in Cyprus. They discussed the possibilities, possibilities and measures that can be taken to reduce the price of energy in Cyprus, he added. Although, he said, the issue of energy prices is not so much in the competence of the Minister of Energy, but in the Ministry of Finance, they also discussed these issues and informed the Minister about AKEL's proposals to reduce the price of electricity and fuel.

Recalling the proposals, Mr. Stefanou mentioned the reduction in VAT on electricity from 19% to 9%, saying that the law passed in the Parliament at the initiative of AKEL was unfortunately deemed unconstitutional by the Supreme Court. The Government, he said, must take the legislative initiative to submit a similar proposal noting that there is documentation for the EU to accept the request of the CD and the consent of Brussels can be obtained for the matter to proceed.

AKEL's second proposal, he continued, is to tax the surplus profits of both banks and energy companies, and the money that will be collected by the state to be channeled into targeted and specific policies to help citizens access energy, to help in energy poverty, with the rate in Cyprus being above the EU average.

AKEL's third proposal, said Mr. Stefanou, is how to utilize the revenues generated from pollutants, noting that there is European as well as Cypriot legislation that mandates the utilization of at least 50% of these revenues to address energy poverty, create infrastructure for energy and the promotion and penetration of RES.

The General Secretary of AKEL said that with the Minister of Energy they still discussed the support of the EAC so that it can work towards the development of the infrastructures, as well as for the penetration of the Authority in RES. They also discussed the issue of discount tenders to reduce the price of electricity from RES, but also about green taxes. “For consumers, of course, they will not be so green, they will be black for the pockets of consumers, both households and businesses,” added Mr. Stefanou.

This matter, the Government continued, it put it up for public consultation, but did not bring compensatory measures for taxation. “AKEL will insist that compensatory measures be introduced so that we know how the whole equation will work. Because taxes are high,” he said.

They discussed issues related to conventional electricity production, the EAC and the investments needed for the green transition, but also for the market which should be competitive as soon as possible and not limited with the distortions we have today, the Minister of Energy said. They are focused, he said, on the effort to complete the natural gas terminal in Vassiliko, which is directly related to the cost of electricity generation and the reduction of pollutants

They are focused, he continued, on issues of electricity storage, recalling that enough energy coming from RES is rejected and this should be limited by introducing storage in the grid which should become smarter in managing the production from RES. The mixture of conventional and green energy should lower the cost of power generation and thus the cost of the retail price of electricity.

There is a convergence with AKEL, in terms of direction, destination and strategy finds AKEL agrees, said the Minister.

Source: www.kathimerini.com.cy

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