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Bioland Promithia Enters The Competitive Electricity Market, Accelerating Cyprus’ Green Energy Transition

by THEFUTURE.TEAM

September 12, 2025

Pioneering A New Energy Landscape

Bioland Promithia, a prominent arm of Bioland Energy Group Ltd, has officially registered in the Competitive Electricity Market (CEM) register, effective October 1, 2025. This strategic move underscores an evolving energy sector in Cyprus, promising enhanced market competition, improved transparency, and a decisive shift toward green energy.

Innovative Pricing And Flexibility

At a recent event organized by Eptagon Group in Larnaca on September 10, Bioland Promithia unveiled plans designed to cater to diverse consumer needs. The company is set to offer tailored electricity supply programmes for residential, commercial, and industrial sectors. By implementing a three-zone flexibility model—day, afternoon, and night—the firm aims to provide cost-effective solutions that align with the unique energy profiles of its clients.

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Expertise And Strategic Vision

Demetris Constantinides, CEO of Bioland Energy Group, highlighted the importance of this initiative as a critical step towards establishing a fair and competitive energy environment in Cyprus. With four years of experience in the CEM Trial and a robust portfolio of corporate clients, Bioland is well-equipped to transition into this new regime. The company projects a significant reduction in electricity tariffs by at least 30 percent within the next three years, a move that promises considerable financial relief for consumers.

Commitment To Sustainability And Innovation

With a 14-year track record in the renewable energy sector, Bioland Energy Group has consistently invested in research and innovation to drive cost-efficiency and sustainability. Drawing on green energy generated from its photovoltaic parks, the company actively supplies businesses under the Transitional Regulation of the Electricity Market. Its impressive roster of commercial and industrial partners already benefits from competitive pricing, reinforcing Bioland’s commitment to advancing Cyprus’ energy transition.

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Cyprus Fuel Prices Jump 20.5% As Energy Costs Rise Across The EU

Cyprus recorded a 20.5% year-on-year increase in the prices of fuels and lubricants for personal transport in May 2026, according to Eurostat data released on Monday.

The increase was broadly in line with the European Union average of 20.7%, with fuel and lubricant prices rising across all EU member states during the period.

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Cyprus Tracks The EU Average

Among EU countries, the largest annual increases were recorded in Bulgaria (33.9%), Luxembourg (32.2%), Lithuania (30.8%) and Romania (30.4%). At the other end of the scale, Hungary registered the smallest increase at 3.5%, while annual growth ranged from 12.7% in Poland to 29.2% in France across the remaining member states.

Eurostat noted that fuel and lubricant prices generally declined across the EU until February 2026 before moving higher in subsequent months.

Diesel And Petrol Follow Different Paths

Across the European Union, diesel prices increased by 29% in May 2026 compared with the same month a year earlier, while petrol prices rose by 16.2%. Monthly trends, however, were more mixed. Between April and May 2026, diesel prices across the EU fell by 5.8%, whereas petrol prices increased by 0.8%.

In Cyprus, diesel prices declined by 1.5% over the same period. Although lower than in April, the decrease was less pronounced than in Germany (-11.9%), Greece (-8.5%), Estonia (-8.4%) and Ireland (-8.1%).

Petrol prices moved in the opposite direction, rising by 2.1% between April and May. A similar pattern was observed across much of the EU, with 23 member states reporting monthly increases. Italy recorded the largest monthly rise in petrol prices at 6.9%, while decreases were reported in Germany (-5.6%), Ireland (-2.0%) and Sweden (-0.7%).