Politis

Iconic Electricity Authority of Cyprus: Leader of the Right and Protector of the Middle Class

Published January 5, 2026, 06:27
Iconic Electricity Authority of Cyprus: Leader of the Right and Protector of the Middle Class

The Electricity Authority of Cyprus (EAC) is undergoing a radical transformation as it adapts to the competitive electricity market. The president of the EAC, Giorgos Petrou, states that the company is investing heavily in green energy, with the purchase of photovoltaic parks from the private sector and the construction of storage units. At the same time, the modernization of Dekeleia and the network is progressing, with an emphasis on the installation of smart meters and the development of smart grids. The EAC is awaiting final decisions regarding the introduction of natural gas, while also promoting the decarbonization of electricity generation, aligning with national and European sustainability goals.