The open electricity market finally went live on Tuesday, with producers and suppliers placing bids for the next day’s generated energy as the state-run Electricity Authority of Cyprus (EAC) welcomed the development.
The first bidding took place on the ‘electricity exchange’ in what’s known as the day-ahead market, where electricity producers – like the EAC and private solar parks – as well as suppliers bid for the energy generated every half hour.
The trades began on Tuesday, so tha
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