Evaluation of an article written by Natasa Evripidou for the Simerini local newspaper on the topic of electricity shortages in Cyprus and the demand for generators.

Authors Avatar by demis (student)

Business Economics                        Assignment 1

Generators – Sold Out

A recent, tragic power explosion at the Mari naval base was the beginning of a new era in Cyprus. It acted consequently as the start of great conflicts and huge debates that are being daily written in the local press. One of the hundred articles written after the explosion was the article written by Natasa Evripidou for the “Simerini” local newspaper that raised the issue of the increasing demand for electric generators due to the unexpected arrival of power cuts that were caused due to the insufficient supply of electricity from the Electricity Authority of Cyprus. This summary of the particular article will outline the most important points of the paper and will critically evaluate the opinion of the author on the topic of increased demand for electric generators after another “black July” in Cyprus.

To begin with, as the author has stated, electric generators became unexpectedly crowd-pleasing after the fatal explosion at the “Evangelos Florakis” naval base on July 11th since many were those who came with the solution of acquiring an electric generator from the market in order to avoid unexpected power cuts in the height of summer. Twenty days after the several billion euros worth of damage to the island’s biggest power station, the article describes the difficult situation that businesses, industries, as well as households, faced due to the continuing and unexpected power cuts. The second important point mentioned in the article after that of increased demand of generators in the market, is that professionals in the trade of electric generators are concerned that accidents might occur due to the poor installation of the generators in homes and estates. According to companies’ representatives with many years experience in the narrow market of electric generators, small and big businesses in general, were supplied with generators soon after the incident in order to secure the quality of goods they put on the market. Specifically one of them stated that, very early, they sold all the generators they had in stock but the demand is still high and that they are already in the process of ordering and importing large numbers in order to satisfy their customers. The high demand represents all types and sizes of generators beginning from €600 and can even go over €200,000. Due to the fact that consumers ask for them “yesterday” and want them “today”, representatives get supplied from other countries in Europe as their stock will very soon not be available for sale. In addition, the author refers to the occurrence of generators of bad quality in the market that do not meet the specific standards of the European Union, posing serious problems to individuals and properties. Further, the author suggests different measures in the case of installing an electric generator in order to secure the smooth and continuous operation of critical facilities, such as refrigerators or operating rooms, avoiding power cuts from the main source of electricity that may subsequently increase costs.

Join now!

At this point it is important to make a critical analysis of the key points mentioned in the article. As a natural consequence, after July 11th huge problems have been created. The most significant was the lack to cover island’s electricity power demand. Therefore, the only way for individuals and businesses to overcome the problem was to purchase their own power generators in order to satisfy their demand. As soon as power cuts begun to emerge, the quantity demanded for generators has increased significantly.

In economic terms this event raises the quantity demanded at ...

This is a preview of the whole essay