AGP Executive Report
Last update: 6 hours agoEnergy Prices Under Scrutiny: Cyprus consumers association says heating oil and fuel rises since March look hard to justify, citing a jump from €0.950/l to €1.438/l for heating oil and calling on authorities to show the increases are properly monitored. Industry Pulse: Eurostat data shows Cyprus industrial output fell 1.3% in June 2026, reversing earlier year-on-year growth, while the euro area stayed broadly stable. Grid Upgrade for Renewables: Petrolina Electric brought a 5MWh utility battery into commercial operation at Pavlina Memorial Energy Park alongside 1.8MW solar, aiming to cut curtailment as midday renewable output outpaces storage and grid flexibility. Electricity Interconnector Momentum: The Great Sea Interconnector project advanced after Admie submitted an investment request for the Cyprus–Israel link under EU TEN-E rules, while US lawmakers urged Washington to prioritize the Greece–Cyprus–Israel power link as part of IMEC. Banking & Finance Watch: Central Bank of Cyprus extended the deadline for tenders to mint, package and deliver euro silver and gold collector coins to September 25, 2026. Energy Storage Pipeline: A wider 231MW/570MWh standalone storage pipeline is progressing through preliminary connection arrangements. Tourism Signals: Paphos hoteliers expect August occupancy at 85–90% but warn of weaker autumn bookings and falling room prices.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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