Politis

Cyta Seeks Role in Energy Sector - Responds to Criticism

Published February 27, 2026, 12:19
Cyta Seeks Role in Energy Sector - Responds to Criticism

Cyta is undergoing a process to update its institutional framework, aiming to expand its activities into the energy sector. The organization is presenting the key points of its approach while responding to criticisms. Cyta seeks equal competitive terms with other energy providers, arguing that the law update will ensure equal treatment for all. Cyta's strategy focuses on serving consumers who do not have access to private energy solutions, such as renters and apartment residents, offering affordable and green energy. In addition, Cyta's participation is expected to boost the development of Renewable Energy Sources through collaborations with producers and investments in self-generation and storage. Cyta's involvement will be under the supervision of the Regulatory Authority, in full compliance with the existing regulatory framework. Prices and terms will be determined by the Authority, ensuring transparency and healthy competition. Cyta emphasizes the convergence of energy and technology markets at the European level and the need for institutional maturity and strategic adaptation in Cyprus. The organization highlights its reliability and long-standing contribution to the development of Cyprus, expressing confidence that its experience can also strengthen the energy sector, offering more choices and benefits to citizens. The event is supported by various sponsors and organizations, while the discussion is ongoing in Parliament.

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