GSI costs will not automatically raise power bills, says former CERA chief

The Great Sea Interconnector (GSI) will not automatically translate into higher electricity bills because its costs are recovered through a detailed European Union regulatory framework rather than being passed directly to consumers, according to energy systems expert and former Cyprus Energy Regulatory Authority (CERA) chairman Andreas Poullikkas.

In a recent piece of analysis, Poullikkas said public debate surrounding the project often focuses on headline figures running into billions of € or...