6 h. ago Total electricity demand to hit 1090 megawatts, close to yearly record

Electricity demand is expected to reach 1090 megawatts (mw) on Thursday, remaining at roughly the same levels as Wednesday. The demand is expected to reach 1090 mw between 2pm and 4.30pm. From 7pm to 11pm, during which demand is covered by conventional electricity production as there is no photovoltaic production, demand is expected to hit […]

Events

27 h. ago Cyprus curtails as much renewable electricity in first half of 2025 as whole last year

Cyprus curtails as much renewable electricity in first half of 2025 as whole last year  Balkan Green Energy News

Politics

28 h. ago Electricity group raises alarm over LNG and GSI project delays

The Electricity Market Association (EMA) on Wednesday expressed concern over two critical energy projects that directly affect Cyprus’ energy future. These include the Vasilikos liquefied natural gas (LNG) terminal and the Cyprus-Greece electricity interconnection (GSI). In a statement following a House Energy Committee session on Tuesday, the Electricity Market Association (EMA) issued a call to […]

Events

4 d. ago New policy by local electricity authority not fit for purpose

I am reaching out to bring attention to a recent policy change by our local electricity authority that is causing concern among many residents and deserves public attention. As of now, individuals who need to request a payment plan are required to appear in person at the authority’s offices. This decision poses major problems for the general […]

Events

1 week ago New €2.5m electric vehicle subsidy plan expected to be exhausted early

The government’s new subsidy plan for electric vehicles is expected to be fully claimed before its official deadline, Transport Minister Alexis Vafeades said on Saturday, pointing to considerable interest from car importers and the public. With the new plan, Vafeades said, the government would invest state resources amounting to €2.5 million. “Therefore, we are starting […]

Politics

1 week ago Cyprus recorded highest electricity demand of 2025 on Thursday

Cyprus recorded highest electricity demand of 2025 on Thursday  Philenews

Politics

2 w. ago Cyprus Business Now: taxes, workforce, electric vehicle scheme, seafarers

Tax incentives offered to attract international and Cypriot professionals to Cyprus have resulted in €406.6 million in tax exemptions over a three-year period, benefiting 25,277 employees who moved to the island for work between 2021 and 2023. The total salaries declared by these employees reached €1.31 billion, with exemptions ranging between 20 and 50 per cent depending on […]

Economics

2 w. ago Government approves €2.5m scheme to support electric vehicle uptake

The Cabinet on Wednesday approved a new €2.5 million scheme to promote the adoption of electric vehicles in Cyprus, according to Transport Minister Alexis Vafeades. He said the plan aims to strengthen the market for electric and hybrid vehicles through government funding, adding that electric mobility is a key priority for Cyprus and essential to […]

Politics

2 w. ago CSE outlines certification process for electricity market energy clearers

The Cyprus Stock Exchange (CSE), acting as the clearing body for the competitive electricity market (CEM), on Monday announced the launch of a certification process for energy clearers. The process includes an online seminar on July 3, 2025, which will cover the clearing terms of the competitive electricity market, followed by a written examination scheduled […]

Science

2 w. ago CTC Automotive Ltd delivers 24 Hyundai IONIQ 6 electric vehicles to Transport Ministry

A total of 24 brand-new electric Hyundai IONIQ 6 vehicles have been delivered by CTC Automotive Ltd to the Transport, Communication and Work’s Ministry’s Department of Electromechanical Services to serve the needs of government officials. The impressive IONIQ 6 moves near silently on the road, ensuring a premium driving experience, and stands out with its […]

Sport

2 w. ago Cyprus ranks fourth lowest in EU for renewable energy in early 2025

Cyprus recorded the fourth lowest share of renewable energy in net electricity production among EU member states during the first quarter of 2025, according to data released by Eurostat. Across the European Union, 42.5 per cent of net electricity generated in the first quarter of 2025 came from renewable sources. This marked a decrease of […]

Politics

2 w. ago Ferrari to delay second electric model to 2028 due to weak demand

Ferrari (RACE.MI), opens new tab has delayed plans for its second fully-electric model that was due out in 2026 to at least 2028, because of a lack of demand for high-performance luxury EVs, two sources close to the matter told Reuters. Known for its roaring petrol engines, Ferrari has sold hybrid models since 2019 and […]

Politics

4 w. ago Etek backs energy minister’s concerns over electricity market opening

President of the technical chamber Etek on Thursday said that the energy minister’s concerns about the opening up of the electricity market were reasonable and justified. In a written statement, Konstantinos Constantis said nothing had happened since 2022 when Etek first raised the same concerns with the energy regulator Cera. At the end of last […]

Politics

4 w. ago CSE to vet clearing members for competitive electricity market

The Cyprus Stock Exchange (CSE) announced on Thursday that it is now accepting applications for registration as direct and general clearing members for the competitive electricity market (CEM). The CSE will serve as the clearing house for the CEM under a contract concluded with the Cyprus Transmission System Operator (TSO). Within this framework, the CSE […]

Sport

last month Christodoulides’ intervention over electricity bills ‘illegal’

House energy committee chairman and Disy MP Kyriakos Hadjiyiannis on Tuesday lambasted President Nikos Christodoulides’ “highly illegal” intervention over the matter of forthcoming rises in electricity bills, describing it as a “great political blunder”. “The electricity authority [EAC] told us that it requested an increase of 7.5 per cent plus value added tax, which comes […]

Events

last month Electricity industry in spat with minister over privatisation

The private electricity industry on Tuesday censured the energy minister for remarks which, in its opinion, undermine confidence in the coming opening up of the electricity market. The Electricity Market Association (EMA) was responding to earlier remarks by Energy Minister George Papanastasiou, who said the government would monitor the opening of the market to competition […]

Politics

last month Cyprus curtails more than half of renewables, including residential solar

Cyprus curtails more than half of renewables, including residential solar  pv magazine International

Politics