Cyprus electricity prices for non-household consumers among highest in EU

Data published by Eurostat on November 4, 2026, reveals that Cyprus recorded the second-highest average electricity prices for non-household consumers in the European Union during the first half of 2026. Businesses in Cyprus paid an average of €0.23 per kilowatt-hour, a figure matched only by Italy. Ireland topped the list with the highest costs at €0.27 per kilowatt-hour. These figures pertain to non-household consumers with an annual consumption ranging from 500 to 2,000 megawatt-hours.

In contrast, the EU-wide average for the same period stood at €0.18 per kilowatt-hour, marking a 2% decline compared to the second half of 2025 and a 5.4% decrease compared to the first half of 2025. Finland reported the lowest costs at €0.09 per kilowatt-hour, followed by Sweden, Denmark, Spain, and Portugal. While 19 EU member states saw a reduction in electricity prices over the year, including significant drops in Luxembourg and Greece, Cyprus remains burdened by high costs, which analysts suggest reflects ongoing challenges in energy independence and infrastructure that impact the competitiveness of local industrial and service sectors.