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Cyprus ranks among the highest in the EU in electricity prices

Cyprus recorded the second highest electricity price

Famagusta News by Famagusta News
08/05/2026
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Cyprus recorded the second highest electricity price for non-household consumers in the European Union in the second half of 2025, according to Eurostat data, published on Friday.

Specifically, the average price of electricity in Cyprus stood at 24,29 euros per 100 kilowatt hours (kWh), behind Ireland, which recorded the highest price in the EU at 25,52 euros per 100 kWh. Germany came in third place with 22,64 euros.

Despite the high cost, Cyprus recorded a decrease compared to the second half of 2024, when the corresponding price was 25,78 euros per 100 kWh. The decrease is estimated at approximately 5,8%. Compared to the first half of 2025, when the price was 23,21 euros, an increase was recorded.

According to Eurostat, the average electricity price for non-household consumers in the EU stood at 18,37 euros per 100 kWh in the second half of 2025, a decrease of 3,5% compared to the first half of the same year, when it stood at 19,03 euros.

Eurostat notes that electricity prices for businesses have generally been on a downward trend in the EU since the first half of 2023, when the average price was €21,51 per 100 kWh. In the second half of 2023, the price fell to €20,03, while in the first half of 2024 it fell further to €18,85. This was followed by a small increase to €19,41 in the second half of 2024 and a further decline to €19,03 in the first half of 2025.

The lowest electricity prices in the EU in the second half of 2025 were recorded in Finland at €7,48 per 100 kWh and in Sweden at €9,70.

At Member State level, 18 EU countries recorded a decrease in electricity prices, compared to the same period in 2024. The largest decreases were recorded in Slovenia (-16,6%), Luxembourg (-15,8%) and France (-14,1%).

On the contrary, increases were recorded in five EU countries, namely Romania (15,4%), Sweden (9,4%), Bulgaria (6,8%), Belgium (2,8%) and Slovakia (1,4%).

According to Eurostat, in four Member States prices remained almost unchanged, with changes ranging from 0,4% in Malta to 1,0% in Austria.

It is noted that the data concerns non-residential consumers with annual consumption between 500 and 2.000 megawatt hours (MWh).

Source: KYPE

Tags: accuracyincreaseDRIFT
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