Cyprus among EU leaders for most expensive electricity for businesses

Cyprus ranked second in the European Union for the cost of electricity for non-household consumers in the second half of 2025. According to Eurostat data, the average price on the island was 24.29 euros per 100 kWh, second only to Ireland, where the figure reached 25.52 euros.

Germany came in third for the most expensive electricity with a price of 22.64 euros per 100 kWh. Despite high tariffs, Cyprus recorded a 5.8% decrease in electricity costs compared to the second half of 2024, when the price was 25.78 euros.

However, compared to the first half of 2025, the cost of electricity for business in Cyprus increased — from 23.21 euros to 24.29 euros per 100 kWh. The data concerns enterprises and professional users with an annual consumption between 500 and 2000 MWh.

On average in the European Union, the price of electricity for business was 18.37 euros per 100 kWh, which is significantly lower than the Cypriot level. Eurostat notes that overall in the EU there has been a trend towards lower electricity prices since 2023.

The lowest tariffs were registered in Finland — 7.48 euros per 100 kWh, as well as in Sweden — 9.70 euros. Among the countries with the largest price decreases, Slovenia, Luxembourg, and France lead the way.

Experts note that high electricity prices continue to remain a serious challenge for Cypriot business and affect the competitiveness of enterprises, especially in energy-intensive sectors of the economy.