Cyprus household electricity price falls to €0.26 per kWh, still above pre-crisis level

Nicosia, Cyprus. Household electricity in Cyprus cost €0.26 per kilowatt-hour in the first half of 2026, Eurostat data show, a decline from the peak reached during the energy crisis. The price nonetheless remains considerably higher than before the crisis, so power bills still weigh on consumers.

Gradual decline from the 2023 peak

The figures, which include all taxes and levies, indicate a steady fall since the first half of 2023, when the price stood at €0.37 per kilowatt-hour. Prices then eased to €0.32 in the first half of 2024 and kept moving down gradually. Households still pay much more than they did ahead of the crisis.

Once differences in purchasing power are taken into account, Cyprus recorded 29.9 purchasing power standard (PPS) units per 100 kilowatt-hours in the first half of 2026. This gives an indication of how heavily electricity costs weigh on households.

European Union comparison

Average household electricity prices in the European Union decreased by 2.2 per cent in the first half of 2026. They fell to €0.28 per kilowatt-hour from €0.29 in the second half of 2025. Even so, they stayed well above the levels seen before the 2022 energy crisis, meaning households across the bloc still face higher costs than before the turmoil in energy markets.

The share of taxes and levies in household electricity bills also dipped slightly, by 0.5 percentage points. It went from 28.9 per cent in the second half of 2025 to 28.4 per cent in the first half of 2026.

Long-term pattern in Cyprus

According to Eurostat, household electricity prices in Cyprus were relatively stable between 2015 and 2020. During that period they ranged from €0.15 per kilowatt-hour in the first half of 2016 to €0.22 in the second half of 2019, and then dropped to €0.16 in the second half of 2020.

The energy crisis then triggered a sharp rise in household costs. The price reached €0.37 per kilowatt-hour in the first half of 2023, more than double the level recorded in late 2020, before beginning to ease.