90 Cyprus Energy Regulatory Authority Figure 28 shows the movement of the Weighted Average Cost of Fuel (WACF) (including the cost of purchasing greenhouse gas emissions allowances) and the WACF that only includes the cost of fuel portion, from December 2012 to December 2021. Figure 28 - WACF of EAC Generation (only fuel, including CO2 cost) Figure 29 shows the fuel mix from January 2015 to December 2021 that has been consumed for electricity generation. As it appears in the Figure, from March to May 2021, there was an increase in Heavy Fuel Oil consumption for electricity generation, which remains high (86%-87%). In the second half of 2021, the correlation was differentiated on average for HFO: 63%, GasOil: 37%.
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