Electricity prices in Cyprus increase by 5 percent in November

Electricity prices in Cyprus have risen by approximately 5 percent in November, according to the Electricity Authority of Cyprus (EAC). Spokesperson Christina Papadopoulou stated that for a typical household of four consuming 800 kilowatt-hours (kWh) over a two-month period, the price per kilowatt-hour, including 5 percent VAT, has reached 33 cents. This adjustment reflects the ongoing volatility in global energy markets and rising liquid fuel costs.

The EAC explains that changes in international oil prices are passed on to consumers with a delay of approximately two months due to the mandatory maintenance of fuel reserves. Papadopoulou noted that fuel purchase costs have surged by over 40 percent between May and November 2026, with the price per metric ton rising from 700 to 1,000 euros. Consequently, the cost for an 800 kWh two-month cycle has climbed to 278 euros, compared to 217 euros in May.

While the EAC is regulated by the Cyprus Energy Regulatory Authority (CERA), officials acknowledge that electricity remains a significant financial burden for families and businesses. Despite the opening of the competitive electricity market a year ago, consumers have yet to see lower costs or significant options for changing suppliers, leading to ongoing public debate regarding the efficiency of the sector.