Cyprus Registers Second Highest Electricity Prices For Non-Residential Consumers In The EU In H2 2025

Overview Of European Electricity Trends

Cyprus recorded the second-highest electricity prices for non-residential consumers in the European Union during the second half of 2025, according to Eurostat data. Average prices reached €24.29 per 100 kWh, placing Cyprus behind only Ireland at €25.52 per 100 kWh. Germany recorded lower business electricity prices at €22.64 per 100 kWh.

Despite remaining among the highest-cost markets in Europe, Cyprus registered a decline from €25.78 per 100 kWh recorded in the second half of 2024. Compared with the first half of 2025, however, prices increased from €23.21, reflecting continued volatility across European energy markets.

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Recent Price Trends And Comparisons

Across the European Union, non-residential electricity prices averaged €18.37 per 100 kWh during the second half of 2025, representing a 3.5% decline from €19.03 recorded in the previous six-month period. The broader downward trend has continued since the first half of 2023, when EU average prices stood at €21.51 per 100 kWh. Although temporary rebounds were recorded during parts of 2024, electricity costs for businesses across much of Europe have gradually eased.

Market Comparisons And National Variations

In stark contrast, Finland and Sweden showcased the most attractive rates in H2 2025, at €7.48 and €9.70 per 100 kWh, respectively. Meanwhile, data indicates that 18 EU countries experienced price declines compared to H2 2024. Slovenia (-16.6%), Luxembourg (-15.8%), and France (-14.1%) led these reductions, even as Romania (+15.4%), Sweden (+9.4%), Bulgaria (+6.8%), Belgium (+2.8%), and Slovakia (+1.4%) saw increases. Four member states, including Malta and Austria, reported only marginal changes, ranging from 0.4% to 1%.

Implications For The EU Non-Residential Sector

The Eurostat data covers non-residential consumers with annual electricity consumption between 500 and 2,000 MWh, a category that primarily includes businesses and professional users. Continued fluctuations in energy prices remain an important factor for companies across Europe as businesses adjust operating costs, investment planning and long-term energy strategies.

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Cyprus Remains Among EU’s Lowest Renewable Electricity Producers

by THEFUTURE.TEAM

July 27, 2026

Cyprus remained among the European Union’s weakest performers in renewable energy adoption in 2025, with renewables accounting for 27.5% of gross electricity consumption, according to new data published by Eurostat.

Across the EU, renewable sources supplied 49.9% of gross electricity consumption last year, bringing the bloc close to generating half of its electricity from renewable energy.

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Cyprus Remains Among The EU’s Lowest Performers

Cyprus ranked among the EU countries with the lowest share of renewable electricity, ahead of only Malta at 11.2%, the Czech Republic at 19.2%, Luxembourg at 23.3% and Slovakia at 24.1%.

Across the country’s broader energy system, renewables accounted for 21.5% of gross final energy consumption in 2025.

EU Renewable Electricity Continues To Grow

Renewables supplied 49.9% of gross electricity consumption across the EU in 2025, up from 47.5% a year earlier. Since Eurostat began collecting comparable data in 2004, the share has risen from 15.9%.

Austria recorded the highest share at 90.8%, followed by Sweden at 89.2%. Denmark generated 77.7% of its electricity from renewable sources, followed by Portugal at 65.6%, Greece at 60.9% and Spain at 60.7%.

Overall Energy Transition Still Has Work Ahead

Renewables accounted for 26.2% of the EU’s gross final energy consumption in 2025, up from 25.2% in 2024 and 9.6% in 2004.

Despite the increase, the bloc remains below its legally binding target of 42.5% by 2030. According to Eurostat, achieving that goal will require an average annual increase of 3.3 percentage points between 2026 and 2030.

Sweden recorded the highest overall renewable energy share at 65.4%, followed by Finland at 53% and Denmark at 48.2%. Belgium recorded the lowest share at 14.9%, followed by Slovakia at 16.3% and Ireland at 17.2%.

Heating And Cooling Also Show Steady Progress

Renewable energy accounted for 27.4% of heating and cooling across the EU in 2025, the highest level since comparable records began in 2004. The share increased by 0.7 percentage points from 2024, slightly below the long-term annual average increase of 0.75 percentage points.

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