Cyprus recorded the second-highest electricity prices in the European Union for non-household consumers during the second half of 2025, according to data released by Eurostat.
The average price in Cyprus reached €24.29 per 100 kWh, placing the country just behind Ireland, which recorded the highest rate in the EU at €25.52. Germany followed in third place with €22.64.
Prices remain above EU average
The EU average for non-household electricity consumers stood at €18.37 per 100 kWh, significantly lower than the electricity prices in Cyprus.
Eurostat data show that electricity costs for businesses across the EU have been generally declining since 2023, although Cyprus continues to remain among the most expensive markets.
Despite its high ranking, Cyprus saw a year-on-year decline. Prices fell from €25.78 per 100 kWh in the second half of 2024 to €24.29 in the same period of 2025, representing a decrease of around 5.8%.
However, compared with the first half of 2025, when prices stood at €23.21, a slight increase was recorded.
EU-wide trends in electricity pricing
Eurostat noted that electricity prices for non-household users across the EU have followed a downward trend since early 2023.
Prices fell from €21.51 per 100 kWh in the first half of 2023 to €19.03 in the first half of 2025, with temporary fluctuations in between.
The lowest electricity costs in the EU during the second half of 2025 were recorded in Finland at €7.48 per 100 kWh and Sweden at €9.70.
At the other end of the scale, Cyprus remained among the highest, reinforcing concerns about the competitiveness of electricity prices for businesses.
Country-level variations
Eighteen EU member states recorded decreases compared with the same period in 2024, with the largest drops in Slovenia (-16.6%), Luxembourg (-15.8%), and France (-14.1%).
In contrast, increases were observed in Romania, Sweden, Bulgaria, Belgium, and Slovakia, while several countries showed minimal or no change.
Business energy burden remains a concern
The data underline ongoing pressure on Cyprus businesses, which continue to face some of the highest electricity costs in the EU despite recent reductions.
Experts note that sustained high electricity prices in Cyprus could affect competitiveness, especially for energy-intensive industries.
Source: CNA
Also read: Eurostat: Low employment in multinational corporations in Cyprus
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