Household electricity prices in Cyprus and the EU show decline in 2026

Eurostat data released in October 2026 indicates a steady decline in household electricity prices across the European Union and Cyprus during the first half of the year. In Cyprus, prices reached €0.26 per kilowatt-hour, down from a 2023 peak of €0.37. When adjusted for purchasing power, the cost stood at 29.9 purchasing power standard (PPS) units per 100 kilowatt-hours. Across the EU, the average price fell by 2.2 percent to €0.28 per kilowatt-hour, compared to €0.29 in the second half of 2025.

Despite these reductions, energy costs remain significantly higher than pre-2022 levels, following the market turmoil triggered by the energy crisis. The share of taxes and levies in final household bills across the EU saw a slight decrease, dropping to 28.4 percent. Significant disparities persist among member states: Ireland recorded the highest rate at €0.39 per kilowatt-hour, while prices in five other countries remained below €0.20 per kilowatt-hour. This data highlights the ongoing financial burden on consumers as markets continue to stabilize post-crisis.