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General Information about bills and tariffs. Change and update of customers'' details. Applications for receiving your bill electronically (e-bill) Applications for Direct Debit Mandate (SEPA) Applications to join the Monthly Instalments Scheme for bill payments. Mon. - Friday 07:45 - 13:45.
Minister Papanastasiou has informed members of the Energy Committee that his ministry is examining a new formula for the electricity market''s operation, with hopes that it will be able to curb the unexpected profits of renewable energy companies, ultimately leading to lower prices for consumers. The President Has Been Briefed
The Cyprus Energy Regulatory Authority (CERA) has been established in 2003 in accordance with the European Union directives. According to the responsibilities and the authorization given by the law, it is the National Independent Regulatory Authority for Energy which is able, to oversee and regulate the market for the electricity and gas
The Electricity Authority of Cyprus (EAC) (Greek: Αρχή Ηλεκτρισμού Κύπρου (ΑΗΚ)) was founded in 1952 by the British colonial government. The 28 private electricity companies of the time were nationalized and absorbed into the EAC.
We supported, along with DG REFORM (ex SRSS) and DG ENER, the Cyprus government to establish a comprehensive medium- to long-term policy (2030 time horizon) for the optimum penetration of renewable energy in the electricity system.
The Electricity Authority of Cyprus (EAC) (Greek: Αρχή Ηλεκτρισμού Κύπρου (ΑΗΚ)) was founded in 1952 by the British colonial government. The 28 private electricity companies of the time were nationalized and absorbed into the EAC. The Authority never received any subsidies from the government as these have always been prohibited by law. Its head office is located in Strovolos. The EAC currently holds a near monopoly on electricity generation in Cyprus. It operates through three power stations with a total capacity of 1460 MW:
Additionally, individuals, private companies, and the Government own almost 54 MW of solar panels and almost 10 MW of biofuel installations and the EAC distributes the electricity these produce too.
In 2015,[2] the EAC generated a total of 4,128 GWh of electricity consuming 947,226 tonnes of fuel costing €288,632,000. Maximum demand in the areas controlled by the Republic of Cyprus reached 939 MW. A total of 2.0 GWh of the produced electricity in 2015 valued €240,000 ended up in the area occupied by Turkey and no money could be collected for it.
The Authority served 559,700 customers in 2015, that is 280 per employee, up from 260 in 2014. The electricity sales per employee reached 2.02 GWh, up from 1.83 GWh in 2014.
As a precondition to the accession of Cyprus to the European Union, the local market for electricity generation has been opened to private companies, but so far no private power plants have been built, although four licenses have been granted by Cyprus Energy Regulatory Authority. In the meanwhile, the EAC diversified into communication and cable television services in cooperation with a private company.
In 2005, the company was involved in a high profile scandal involving the alleged theft of millions of Cypriot pounds from the employees'' pension scheme.[3]
On 1 January 2021, EAC''s electricity supply monopoly ended and Bioland Promithia Ltd, became the first private utility company in Cyprus to directly retail electricity to its growing commercial customer base.[4]
The EC''sStructural Reform Support Service (SRSS, now DG REFORM) coordinates and provides technical support to EU countries, including Cyprus, in cooperation with the relevant Commission services. The objective is to help build more effective institutions, governance frameworks and administrations. Also, as part of the Clean Energy Package, the EU''s Clean Energy for EU Islands initiative provides a long term framework to help islands generate their own sustainable, low-cost energy.
The Cyprus power system has the typical characteristics of isolated Mediterranean island grids: largely unexploited renewable energy potentials, heavy dependence on liquid fossil fuel imports, limited capability (i.e. low system inertia) to react to contingencies and events, high daily and seasonal demand fluctuation,no grid connection (yet) toneighbourcountries.
Cyprus is also characterized by an abundant solar energy resource across the whole year: the average global solar can reach 2000 kWh/m2. Wind energy is instead quite limited over the island of Cyprus, with an annual average wind speed below 4 m/s in the majority of areas.
We supported, along with DG REFORM (ex SRSS) and DG ENER, the Cyprus government to establish a comprehensive medium- to long-term policy (2030 time horizon) for the optimum penetration of renewable energy in the electricity system. The following two consecutive projects were carried out:
The first project, concluded in 2016, aimed at assessing the current state of the transmission and distribution electricity systems and proposing solutions for increasing the Renewable Energy Sources penetration in the electricity system. It was split in four interlinked activities, spanning from system characterisation, to transmission/distribution simulation up to Unit Commitment and Economic Dispatch (UCED) analyses, with a view to perform an integrated assessment of the Cyprus electricity system - power infrastructure and markets.
The second project, finished in 2018, aimed to complement the system analyses performed in the first project and perform deeper evaluations on the interactions of different energy systems and technologies.
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