Launch of Competitive Electricity Market in Cyprus in 2025
May 30, 2025
The competitive electricity market in Cyprus is set to launch in September 2025, with the Minister of Energy stating that it is uncertain whether electricity prices will decrease. He noted that the regulation will allow suppliers to compete, which may improve prices in the future. Until then, the Ministry is prepared to intervene if market issues arise. The transition process requires careful management, as increased summer demand could lead to difficulties.