Politis

Electricity Market Association: EAC is the Largest Renewable Energy Player in Cyprus

Published March 10, 2026, 12:18
Electricity Market Association: EAC is the Largest Renewable Energy Player in Cyprus

The Electricity Market Association announced that the Electricity Authority of Cyprus (EAC) is the largest producer of energy from renewable sources (RES) in Cyprus, covering 72.6% of RES production. Private RES producers have a 6.4% share with a total installed capacity of 324 MW. EAC has the ability to purchase energy from RES with a total capacity of 416 MW at a price of 11 cents per kilowatt-hour. The president of the Association, Giorgos Chrysos, stated that EAC had been expelled from the Association in the past due to undermining the electricity market. Regarding the possible entry of Cyta into the energy sector, Mr. Chrysos stated that there is no objection, but it must be done on the right terms.