Who is responsible for high electricity prices?

This week saw the Electricity Authority of Cyprus and private energy producers trading barbs over who is gouging consumers and who’s responsible for the high electricity prices. So what’s the deal – is the EAC the 800-pound gorilla in the room, squeezing customers by taking advantage of its dominant market position? Or are private providers creaming off profits from renewables not even hooked up to the grid? The truth lies somewhere in the middle, say analysts.

Head of the Electricity...