Wholesale price of containerized renewable power in Cyprus

The price for Medium and High Voltage, is calculated based on the average of the monthly loss factors of the six month-period and according to the current valid CERA's Decisions.
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Mar 20, 2025 On March 12, statistics released by the German Federal Statistical Office showed that in 2024, Germany''s renewable energy power generation increased by 2.3% year-on-year,

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6 FAQs about [Wholesale price of containerized renewable power in Cyprus]

Is the retail electricity market in Cyprus a highly concentrated market?

It is concluded that the retail electricity market of Cyprus is classified as a highly concentrated marketplace and in particular without competition and this is due to the position of strength of EAC’s Supply activity.

When did Cera adopt the new electricity market arrangements in Cyprus?

In 2015, CERA published the Regulatory Decision 01/2015 by which CERA decided to adopt a study titled “The new electricity market arrangements in Cyprus”.

Is a net-pool model suitable for Cyprus electricity market arrangements?

The study proposes a design regarding the new electricity market arrangements in Cyprus, based on the decision for implementing a net-pool model as being the most appropriate trading arrangement approach for the Cyprus electricity market, which is fully compliant with the EU target model.

What did Cyprus achieve in necp 2024?

In its final NECP (2024), Cyprus included more ambitious targets on renewables, energy efficiency, and GHG emissions. The process of liberalising the electricity market is still underway. EAC, the national electricity company, accounts for 65% of the installed capacity. Cyprus has not granted any exploration licences for new gas or oil blocks.

How many RES-E systems are there in Cyprus?

Nowadays, Cyprus boasts approximately 407MW of photovoltaic systems, 157MW of wind systems, and 13MW of biomass systems in operation, namely a total installed RES-E capacity of 577MW and a total installed capacity of conventional electricity generation plants of 1483MW. In other words, 28% of the installed capacity concerns RES-E systems.

Are there cross-border gas interconnections in Cyprus?

Currently, there are no cross - border gas interconnections in Cyprus, however specific interconnection projects are promoted as PCIs. The European Commission has declared several energy projects, which are of strategic importance for Cyprus and Greece, as potential PCIs. “CyprusGas2EU” - Ending the isolation of Cyprus.

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