
Article 1 
A derogation from points (b) and (c) respectively of Article 21(1) of Directive 2003/54/EC is granted to the Republic of Cyprus.
The derogation from Article 21(1)(b) of Directive 2003/54/EC shall apply until 31 December 2008.
The derogation from Article 21(1)(c) of Directive 2003/54/EC shall apply until 31 December 2013.
Article 2 
The derogation may be withdrawn by the Commission if substantial changes occur in the electricity sector of the Republic of Cyprus.
To that end, Cyprus shall monitor the evolution of the electricity sector and shall report to the Commission any substantial changes therein, in particular information on new generating licenses, new entrants in the market, price movements and new infrastructure plans that may necessitate a review of the derogation.
In addition, the Republic of Cyprus shall submit a general report to the Commission every two years, starting no later than 31 December 2007. The reports shall set out tarification and pricing policy together with measures taken to protect customers’ interests in the light of the derogation.
Article 3 
This Decision is addressed to the Republic of Cyprus.
Done at Brussels, 25 September 2006.
For the Commission
Andris PIEBALGS
Member of the Commission