Cyprus Times

Bill to Allow Cyta to Enter Energy Sector Heads to Plenary

Published March 2, 2026, 17:05
Bill to Allow Cyta to Enter Energy Sector Heads to Plenary

A bill to allow Cyta to operate in the energy sector is heading for a vote in the Plenary Session of the Parliament. The bill was discussed in the Economic Committee, with the Legal Service finding no legal obstacles but pointing out potential competition issues. The Commissioner for State Aid clarified that Cyta’s involvement in the energy sector does not constitute state aid, but requires checks for viability and accounting separation. RAEK emphasized that any activity must comply with the market framework. It was argued that Cyta’s entry into the energy market could help meet the needs of vulnerable groups and increase competition. The Ministry of Energy stressed that the development of a sustainable energy market is a strategic goal and that the licenses issued by RAEK will determine the scope of Cyta’s activities. The President of Cyta stated that the organization is profitable and has invested in mobile networks and fiber optics.