13 Annual Report 2021 The Cyprus Energy Regulatory Authority (CERA) was established by Law in 2003 in accordance with European Union Directives. CERA is an independent authority governed by public law and its main purpose is to regulate and monitor the internal electricity and natural gas markets. In addition, CERA aims to ensure a competitive, secure and environmentally sustainable energy market with its main concern being to protect the rights of the consumers. At the same time, CERA is responsible for advising the Minister for Energy, Commerce and Industry on all issues related to the energy market. Based on the Law Regulating the Electricity Market of 2021 (L.131(l)/2021), by the end of June each year, CERA submits an Annual Report of its activities to the President of the Republic of Cyprus and files a copy of the Annual Report to the Council of Ministers and the House of Representatives. This Annual Activity Report of CERA covers the year 2021 and is the eighteenth (18th) to be issued. During the year under review, CERA issued 2 regulatory decisions: • Regulatory Decision 01/2021 (KDP 359/2021), regarding the Statement of Regulatory Practice and Electricity Tariffs Methodology. • Regulatory Decision 02/2021 (KDP 523/2021) regarding the Regulatory Framework for the Granting of General License. At the same time, CERA issued a series of Decisions; the most important of these being: • Decision 12/2021 - Approval of Calculation Methodology and Prices of Monthly Capacity Factors (CFg) of the Transitory Regulation of the Electricity Market for 2021 • Decision 15/2021 - Allowed Revenues and Regulated Electricity Tariffs for 2021 • Decision 26/2021 - Electricity Tariff Plans for 2021 • Decision 33/2021 - Parameters set by the DSO for the Transitory Regulations of the Electricity Market Rules for 2021 • Decision 42/2021 - Draft Regulatory Decision on the "Statement of Regulatory Practice and Electricity Tariffs Methodology" • Decision 43/2021 - Changes to the Transitory Regulations of the Electricity Market - Version 1.6 • Decision 48/2021 - Calculation Methodology of the Preventive Increase of Security Covers of Producers and RES Producers • Decision 73/2021 - Guidelines on conducting an estimate of natural gas demand in the Natural Gas Transmission System by the Natural Gas Transmission System Operator INTRODUCTION
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