Cyprus has entered the top 10 European Union countries with the highest retail electricity prices for households. According to European Commission data on the development of gas and electricity markets for Q2 2025, the average electricity price for Cypriot consumers reached €309.5 per MWh, which is equivalent to 30.95 cents per kWh. This allowed the island to take 10th place among all EU countries.
For comparison, the EU average was €246 per MWh or 24.6 cents per kWh. The highest prices were recorded in Germany — €399.6 per MWh, and the lowest in Hungary, where electricity cost consumers €91.8 per MWh. Greece was below the EU average at €232.6 per MWh, taking 19th place.
Why prices are rising: taxes and networks
The European Commission notes that, on average across the EU, retail electricity prices in capitals rose by 3% compared to the same period last year. The main factors were an increase in the tax burden and rising network costs. At the same time, differences between countries remain significant: in a number of states such as Austria, Luxembourg, and Poland, price growth was in double digits, while Slovenia, Estonia, and France showed a noticeable decrease in tariffs thanks to cheaper energy resources.
For Cyprus, the high cost of electricity remains a structural problem linked to the isolation of the energy system, dependence on fuel imports, and limited capabilities for balancing the grid.
Consumption and the structure of generation in the EU
Overall electricity consumption in the European Union in Q2 2025 remained almost stable, showing an increase of only 0.4% compared to the same period in 2024. In 17 member states, demand increased; in the rest it either did not change or decreased. At the same time, the level of consumption is still 6% below the average pre-pandemic and pre-crisis period of 2015–2019.
The share of renewable energy sources in the EU generation mix remained at 52%, the same as a year earlier. The share of fossil fuels rose slightly — to 25% versus 24% in Q2 2024. For Cyprus, these pan-European trends are especially relevant amid the active development of solar energy and discussions about accelerated deployment of energy storage systems.
High electricity prices remain a serious challenge for households and businesses in Cyprus, but at the same time they are pushing the country toward an accelerated transition to renewable energy sources and more energy-efficient technologies.