Pec: The answer to energy adequacy and high electricity costs

The PEC power plant in Cyprus, a private investment worth 210 million euros, is ready to operate with a capacity of 260 MW, promising to lower electricity costs by 30%. Although the facility is complete, its activation is currently stalled due to a dispute with the Electricity Authority of Cyprus (EAC) regarding the authorization of a pumping station. Critics argue that the EAC’s refusal to grant consent serves to maintain its monopoly, delaying critical improvements to the nation’s energy supply and economic competitiveness.