The average price of electricity in Cyprus, in December of 2023, has been 0.3452€ per kilowatt hour. Electricity price has decreased € 0.0287 kWh, 7.68% since the previous semester. Meanwhile, the average price of electricity without taxes in Cyprus in that period was € 0.2099 per kilowatt hour, €9.21% less than in the previous period, in which the price of electricity without taxes was €0.2312kWh.
In the last twelve months the price of electricity in Cyprus has fallen by 17.72%.
The average price of electricity since 2007 reached its maximum, €0.3739kWh, in June of 2023 and its minimum price, €0.1527 kWh, in June of 2016.
Cyprus is among the European countries with the most expensive electricity.
The difference between the price of electricity with and without taxes is € 0.1353 tax for each kilowatt hour, thus, 39.19% of what households pay for electricity in Cyprus.
You can see the ranking of electricity price in Europe and see all the information about Cyprus in economy of Cyprus.