Alma movement disputes claims regarding electricity cost reduction in Cyprus

On August 25, 2026, the 'Alma – Citizens for Cyprus' movement issued a formal statement challenging the feasibility of a 20% reduction in electricity prices through intervention in photovoltaic power pricing. The movement explicitly rejected recent claims made by Phidias Panayiotou as arbitrary and overly simplistic, warning that such unsubstantiated rhetoric obscures systemic flaws and benefits established market stakeholders.

To support their position, Alma cited data from the Cyprus Transmission System Operator (TSMO) covering the period from August 19 to August 25, 2026. The records show that across 336 half-hour market clearing periods, the electricity price never dropped below €180/MWh. Specifically, the minimum recorded price was €181/MWh, while the weekly average reached approximately €245/MWh. The movement emphasized that these figures contradict the notion of a simple fix and called for a rigorous audit of the actual revenues and profitability of major electricity producers.

Alma argues that focusing on marginal price models is essential for understanding the current energy market crisis. The movement maintains that addressing the complexity of electricity costs requires deeper structural analysis rather than superficial solutions, warning that failure to provide evidence-based arguments allows beneficiaries of the current high-cost system to deflect necessary scrutiny.