Find Electricity and Power expertise in Cyprus

Since its ascension to the European Union, Cyprus’ energy policy has become fully harmonised with that of the EU. This involved the liberalisation of the country’s electricity market, opening up 35% of the sector to market competition and thus ending the complete monopoly of the Electricity Authority of Cyprus (EAC/AHK). However, the EAC still dominates the sector in generation, transmission, and distribution and supply levels. Thus, although some private firms have entered the generation sub-sector, competition remains relatively weak. Electricity production in Cyprus is generated almost entirely from oil – 5,064GWh of the total 5,078GWh generated in 2007 was produced from oil. The Cyprus Energy Regulatory Authority is responsible for the regulation of the sector and ensuring that EU requirements are met.