Cyprus household power costs ease from 2023 energy-crisis peak<\/p>\n
Household electricity prices in Cyprus fell to \u20ac0.26 per kilowatt-hour in the first half of 2026, according to Eurostat data, easing from their energy-crisis peak but remaining significantly above pre-crisis levels as electricity costs continue to weigh on consumers.<\/p>\n
The latest figures show that prices, including all taxes and levies, have declined steadily since reaching \u20ac0.37 per kilowatt-hour in the first half of 2023, although households are still paying considerably more than they did before the energy crisis.<\/p>\n
When adjusted for differences in purchasing power, Cyprus recorded 29.9 purchasing power standard (PPS) units per 100 kilowatt-hours in the first half of 2026, providing an indication of the relative burden of electricity costs on households.<\/p>\n
Across the European Union, average household electricity prices fell by 2.2 per cent in the first half of 2026, declining to \u20ac0.28 per kilowatt-hour from \u20ac0.29 in the second half of 2025.<\/p>\n
Despite the decrease, prices remained well above levels recorded before the 2022 energy crisis, indicating that households continued to face higher electricity costs than before the energy market turmoil.<\/p>\n
Taxes and levies also declined slightly as a proportion of household electricity bills, falling by 0.5 percentage points, from 28.9 per cent in the second half of 2025 to 28.4 per cent in the first half of 2026.<\/p>\n
Cyprus electricity prices peaked in 2023<\/p>\n
Eurostat data show that household electricity prices in Cyprus followed a relatively stable pattern between 2015 and 2020, before surging during the energy crisis and subsequently easing.<\/p>\n
During the initial period, prices fluctuated between \u20ac0.15 per kilowatt-hour in the first half of 2016 and \u20ac0.22 in the second half of 2019, before falling to \u20ac0.16 in the second half of 2020.<\/p>\n
The subsequent energy crisis brought a sharp increase in household electricity costs, with prices reaching \u20ac0.37 per kilowatt-hour in the first half of 2023, more than double the level recorded in late 2020.<\/p>\n
Prices then began to ease, declining to \u20ac0.32 per kilowatt-hour in the first half of 2024 before continuing their gradual downward trajectory.<\/p>\n
By the first half of 2026, the price had fallen to \u20ac0.26 per kilowatt-hour, representing a substantial reduction from the 2023 peak but remaining well above the levels recorded before 2021.<\/p>\n
The trend highlights the persistence of the energy crisis\u2019 impact on household electricity bills, even as prices have retreated from their highest levels.<\/p>\n
Ireland records highest electricity prices<\/p>\n
Ireland recorded the highest household electricity prices in the EU during the first half of 2026, at \u20ac0.39 per kilowatt-hour, followed by Germany and Belgium, where prices stood at \u20ac0.36 per kilowatt-hour in both countries.<\/p>\n
Six member states recorded household electricity prices exceeding \u20ac0.30 per kilowatt-hour, while five countries reported prices below \u20ac0.20.<\/p>\n
The lowest nominal prices were recorded in Hungary, at \u20ac0.11 per kilowatt-hour, followed by Malta and Bulgaria, where households paid \u20ac0.13 per kilowatt-hour.<\/p>\n
However, comparisons based solely on euros do not fully reflect the financial burden electricity bills place on households, as purchasing power and general price levels differ between countries.<\/p>\n
When electricity prices were adjusted using the purchasing power standard (PPS), Romania recorded the highest costs, at 46.9 units per 100 kilowatt-hours, followed by Poland at 41.1 and the Czech Republic at 34.3.<\/p>\n
Cyprus recorded 29.9 PPS units per 100 kilowatt-hours, while the lowest purchasing-power-adjusted prices were observed in Malta, at 13.8, Hungary at 14.7 and Luxembourg at 15.5.<\/p>\n
The PPS measure allows comparisons between countries by accounting for differences in purchasing power, offering a clearer indication of the relative cost of electricity for consumers.<\/p>\n
Electricity prices move sharply in several countries<\/p>\n
Although the EU average declined in the first half of 2026 compared with the second half of 2025, national trends varied considerably when prices were compared with the same period a year earlier.<\/p>\n
Using comparisons in national currencies, Eurostat found that household electricity prices increased sharply in Romania, rising by 51.6 per cent compared with the first half of 2025.<\/p>\n
Ireland recorded the second-largest increase, at 19.8 per cent, followed by Finland, where prices rose by 18.4 per cent.<\/p>\n
In contrast, Denmark registered the largest decrease, with household electricity prices falling by 31.7 per cent, while Luxembourg recorded a decline of 24.1 per cent.<\/p>\n
The figures illustrate the uneven evolution of electricity costs across Europe, despite the overall reduction in average EU prices during the first six months of 2026.<\/p>\n
For Cyprus, the combination of the historical price trend and the latest purchasing-power-adjusted figures shows that, although household electricity costs have fallen considerably from their 2023 peak, prices remain elevated compared with the period before the energy crisis.<\/p>\n","protected":false},"excerpt":{"rendered":"Cyprus household power costs ease from 2023 energy-crisis peak Household electricity prices in Cyprus fell to \u20ac0.26 per…\n","protected":false},"author":2,"featured_media":818698,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[11],"tags":[84,268671,1294,2359,56,54,55],"class_list":["post-818697","post","type-post","status-publish","format-standard","has-post-thumbnail","category-economy","tag-business","tag-cyprus-energy","tag-economy","tag-electricity","tag-uk","tag-united-kingdom","tag-unitedkingdom"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/818697","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/comments?post=818697"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/posts\/818697\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media\/818698"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/media?parent=818697"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/categories?post=818697"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/uk\/wp-json\/wp\/v2\/tags?post=818697"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}