Cyprus business power rates stay near EU top as bloc average falls
Eurostat data for the first half of 2026 puts Cypriot firms at €0.23 per kWh — the joint second-highest in the EU, well above the €0.18 bloc average.
Companies in Cyprus paid an average of €0.23 per kilowatt-hour for electricity in the first six months of 2026, according to Eurostat — a level matched only by Italy and beaten only by Ireland at €0.27, as reported by Cyprus Mail.
The comparison covers non-household consumers using between 500 and 2,000 MWh a year. Across the EU the average came to €0.18 per kWh, down 2 per cent on the second half of 2025 and 5.4 per cent below the same period a year earlier.
Rates dropped in 19 member states year on year, with the steepest cuts in Luxembourg (−23.8 per cent), Czechia (−11.9 per cent) and Greece (−11.8 per cent). Finland offered the cheapest business power at €0.09 per kWh.
What it means for residents
For households the figures are indirect but real: when businesses pay a premium for power, part of that cost usually finds its way into prices on the shelf and into the wage bill. Anyone running a small or medium-sized operation should look closely at where their consumption sits.
- Check your band. The Eurostat figures apply to mid-sized consumers; your actual rate depends on your supplier and load profile, so compare contracts before renewing.
- Mind the trend. Most of the EU is moving down while Cyprus stays high, which weakens the island's cost position for energy-heavy work such as cooling, baking or manufacturing.
- Plan for summer. Cooling load drives the biggest bills; maintenance and shading cost less than the kilowatt-hours they save.
This text is written from the source article and is not a translation of it.
