Source: European Parliament
Question for written answer E-000368/2025
to the Commission
Rule 144
Giorgos Georgiou (The Left)
For a long time – and particularly last year – Cyprus has seen a sharp increase in the cost of energy (fuel, electricity prices). There have also been strong indications suggesting that some companies may potentially acquire market dominance. This was reported to the competent supervisory authority, which did not, however, take the necessary steps to check and investigate the complaints. The evidence presented reveals possible irregularities, which were also highlighted by Members of Parliament in Cyprus as well as by journalists, who did not hesitate to accuse the Competition Commission of inefficiency and interference in its work.
Can the Commission answer the following:
- 1.In light of the current situation in Cyprus and the failure to check matters relating to complaints about the market dominance of certain companies, leading to major exploitation of citizens and profiteering, what immediate measures does the Commission intend to take with regard to the competent supervisory authority?
- 2.What action does the Commission intend to take to support the proposal for the establishment of an emergency mechanism for recovering the excessive profits of electricity producers and suppliers?
Submitted: 28.1.2025