In accordance with CERA's Regulatory
Decision 04/2014 concerning the Operational Unbundling of the EAC's activities,
the Authority proceeded to set up the Non-Regulated Activities Unit, which
covers all the EAC's Non-Regulated Activities. These are operationally and
clearly separated from its Regulated Activities and each one is costed
separately in a fair and transparent manner.
The EAC's Non-Regulated Activities cover
a wide range of activities, including the Inspection of Internal Electrical
Installations, the Desalination Plant, Street Lighting maintenance, the study,
supply and installation of Photovoltaic Systems for third parties, other
contracting works, such as the laying of cables for third parties, the
use/exploitation of Telecommunications Infrastructure for other commercial use
than that required for the electricity network, the provision of Electricity
Services and any other non-regulated activities. The Head of the Non-Regulated
Activities Unit answers to the General Manager of the EAC.
The overall responsibilities of the
Non-Regulated Activities Unit include the following:
Implementing the EAC's strategy to help
it achieve its goals.
Maintaining the profitability of
Non-Regulated Activities and submitting proposals for the development of new profitable
activities.
Informing the EAC's Management and Board
of the progress and developments in its projects.
Understanding the demands created by the
need for genuine independence of Non-Regulated Activities from the Business
Units and their Accounting Unbundling, so that the EAC's operations remain
compliant with European Directives, the laws of Cyprus, and the relevant
Regulatory decisions.
Effective coordination, close monitoring
and constant evaluation of all projects, so that the services offered are
competitive with those offered by the Cypriot and international markets.
Implementation of the EAC's
Code of Corporate Governance and Code of Conduct, and of every other regulation
and/or Law concerning and enforced by the EAC.
