Under the new structure, suppliers can buy electricity from all producers, including the state-run Electricity Authority of Cyprus (EAC), and resell it to customers. Speaking on the sidelines of the i...
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He added that the opening of the competitive electricity market on October 1, 2025, marks the beginning of a new era in which Cyprus will be able to base its economy on sound foundations and citizens will
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NICOSIA, Cyprus — Cyprus opens its Competitive Electricity Market today, marking a major step toward fostering healthy competition in the country''s energy sector, according to the
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For the first time in Cyprus, households and businesses will soon be able to choose who supplies their electricity. As of Wednesday, 17 companies, ranging from homegrown startups to
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Under the new structure, suppliers can buy electricity from all producers, including the state-run Electricity Authority of Cyprus (EAC), and resell it to customers. Wholesale prices will
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Cyprus will activate its first electricity exchange today, 30 September, with producers and suppliers trading electricity in half-hourly intervals through a day-ahead market that will determine
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The launch of the electricity market represents a fundamental step toward integrating higher shares of renewable energy. By introducing competitive price signals, it encourages more efficient operation of
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The state-run power utility welcomed the opening of the competitive electricity market, noting that it has made all the necessary infrastructure investments and adopted best practices.
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Nicosia, Cyprus — On 1 October 2025, the Republic of Cyprus officially launched its competitive electricity market, marking a transformative milestone in the country''s energy transition.
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The main objective of the Government is to ensure sufficient and affordable electricity for our citizens and businesses, thus providing practical support to our society, especially at a time of
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NICOSIA, Oct. 2 (Xinhua) -- Cyprus has officially launched a competitive electricity market, a move Energy Minister George Papanastasiou said would help gradually lower costs for consumers and
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