Electricity prices in Cyprus
What a household in Cyprus pays for electricity, where the power comes from, and how the country differs from its neighbours.
Cyprus is an electrical island in every sense: no cable connects its grid to any other country, so every kilowatt-hour has to be generated on the island at the moment it is used. Most of it still comes from oil burned in the power stations of the Electricity Authority of Cyprus, which ties household prices closely to the oil market and to the cost of European carbon permits. Solar power is the fast-growing exception, from large parks and from panels on a great many rooftops.
Because the island has no wholesale market coupled with the continent, this page shows no hourly prices. It explains instead how tariffs are set, what a Cypriot bill contains and why the island differs from Greece and Malta; the chart uses Eurostat's official household prices for the last three years.
The exchange's hourly prices in Cyprus may not be freely republished, so this page does not show them. The household prices here are Eurostat's official figures, updated every six months.
Where does the electricity in Cyprus come from?
Gross electricity generation in 2024 by energy source. Source: Eurostat (nrg_bal_peh).
Household price since 2023
Average price per kWh, all-in, for a household using 2,500–5,000 kWh a year. Source: Eurostat (nrg_pc_204).
A household in Cyprus using 2,500–5,000 kWh a year paid 26.9 c/kWh on average, all-in, in H1 2026, 8% less than a year before (Eurostat).
Eurostat's figure for each half-year, with taxes, levies, network costs and VAT. Updated twice a year.
How the electricity price works in Cyprus
Regulated tariffs from a dominant utility
Most Cypriot households buy their electricity from the Electricity Authority of Cyprus (EAC), which also owns the large conventional power stations and the distribution network. Its tariffs are approved by the Cyprus Energy Regulatory Authority (CERA), and an independent transmission system operator keeps the grid in balance. Other suppliers may sell electricity, often from solar parks, and the market has been opened in stages, but the regulated tariffs remain the benchmark. Homes can choose a single rate or a two-rate tariff that is cheaper at certain hours.
Fuel adjustment, levies and VAT
An EAC bill breaks the price down into generation, network use, supply and meter reading, plus charges for ancillary services and public service obligations. Two items stand out. A levy per kilowatt-hour feeds a fund for renewable energy and energy saving, which pays among other things for grants towards rooftop solar. And a fuel adjustment, recalculated regularly, passes changes in the cost of oil straight on to consumers. VAT is added on top. Vulnerable groups can get a special, lower tariff.
Oil, carbon permits and the midday sun
With oil making most of the island's power, the price of heavy fuel oil and diesel is the main driver of what households pay, followed by the EU emission allowances the power stations must buy. Demand peaks on hot summer afternoons and evenings, when air conditioning runs everywhere. Solar output saves fuel in the middle of the day, but because the grid cannot export a surplus and storage is still scarce, solar parks are often curtailed around noon in spring. When energy prices jumped in 2022, Cypriot bills rose with them.
Oil-fired stations and rooftop solar
The backbone of generation is the conventional plant at Dhekelia, Vasilikos and Moni, which burns heavy fuel oil and diesel. Some of the newer units at Vasilikos were built to run on natural gas, but plans to import liquefied gas have been delayed for years, and the gas found off the coast has not yet reached the power stations. Solar has become the second-largest source, a few wind farms add a little, and biogas from farms and waste a little more. Large batteries are planned to keep more of the midday sun.
Neither Greece nor Malta
Greece, the obvious partner, belongs to the coupled European market and relies on plenty of wind and sun with gas as backup; its own oil-fired islands are being connected to the mainland one by one. A subsea cable via Crete would give Cyprus the same option, but it is still a project. Malta, the other small island state in the EU, shows a different path: since 2015 a cable to Sicily has let it import from Italy, and its generation has moved from heavy fuel oil to gas.
Cyprus compared with its neighbours
In 2024, oil made 76%, solar made 19% and wind made 4% of the electricity generated in Cyprus. Wind, solar, hydro, nuclear and bioenergy together made 24% of generation in Cyprus.
Gross electricity generation in 2024 by energy source. Source: Eurostat (nrg_bal_peh). Pumped hydro is left out.
Voltly does not cover Cyprus yet
Voltly shows hourly prices in Denmark, Norway, Sweden, Germany, France, Netherlands and Belgium.
Voltly is for Denmark, Norway, Sweden, Germany, France, the Netherlands and Belgium.
Questions about the electricity price in Cyprus
- What does an ordinary household in Cyprus pay for electricity?
- A household in Cyprus using 2,500–5,000 kWh a year paid 26.9 c/kWh per kWh on average, all-in, in H1 2026, according to Eurostat. The price varies with the network company and the contract.
- How much of the electricity in Cyprus comes from oil?
- 76% of the electricity generated in Cyprus came from oil in 2024 (Eurostat), the largest single source.
- How does the power mix in Cyprus compare with the neighbours?
- In 2024: Cyprus: oil 76%, solar 19%; Greece: gas 37%, wind 21%; Malta: gas 84%, solar 15%.
- Why are there no hourly prices for Cyprus on this page?
- Cyprus is not part of the European day-ahead market coupling, and there is no source of hourly prices for the island that may be republished here. Most households pay tariffs approved by the regulator, so the page shows Eurostat's official household prices instead, which are updated twice a year.
- What is the fuel adjustment on a Cypriot electricity bill?
- Because almost all conventional power on the island comes from oil, EAC bills contain a fuel adjustment: an amount per kilowatt-hour that is recalculated regularly in line with the price of the fuel the power stations buy. When oil becomes more expensive, the bill follows with some delay, even if the base tariff has not changed.
- Will Cyprus be connected to the European grid?
- A subsea cable to Crete, known as the Great Sea Interconnector, has been planned for years and has EU backing, but it has been delayed repeatedly and has no firm completion date. Until a link exists, all electricity used on the island must be produced there at the same moment, which limits how much solar power the grid can take.