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EAC Considering Tariff Increases for 2025

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The Electricity Authority of Cyprus (EAC) is considering tariff increases for 2025 based on their financial forecasts, with proposals to be presented to the energy regulator by July to reflect infrastructure upgrades and market conditions. Despite political resistance to past rate hikes, the EAC remains financially robust with over €280 million in cash reserves to support development plans, including a €110 million upgrade to the Dhekelia power station for modernizing Cyprus’s energy infrastructure.

rising electricity costs energy tariffs

Escalating Energy Costs: Second Price Hike Hits the North

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Residents in the north are feeling the effects of rising electricity costs as KibTek announces a second price hike within a single month, resulting in a roughly 15% increase for all consumers. These new tariffs introduce a tiered pricing structure, with prices ranging from €0.09 per kWh for the first 250 kWh to €0.24 per kWh for usage over 1,001 kWh, and threetime tariff rates ranging from €0.18 to €0.24 per kWh depending on the time of day.

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