Electricity bills could spike by as much as 20 per cent by August if fuel prices fluctuate at $110 to $115 a barrel, the Electricity Authority (EAC) said on Thursday.
The EAC held a news conference to provide an update on the anticipated trajectory of electricity prices amid the escalating situation in the Persian Gulf that has rattled global energy markets.
Chairman Giorgos Petrou said that in May, assuming Brent
