Ambitious Structural Reforms In The Energy Sector

Nikos Christodoulides said the government is moving forward with structural reforms in the energy sector aimed at lowering electricity costs and ensuring supply. He made the remarks following the General Assembly of OEB, noting that energy remains a key policy area for the administration.

Enhancing Efficiency And Resilience Through Market Reforms

The reform plan includes the introduction of a competitive electricity market, expansion of renewable energy capacity, development of energy storage systems, and implementation of interconnection projects. These measures are intended to adjust how electricity is produced, stored, and distributed across the system.

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European Energy Union And Immediate Solutions

Addressing rising energy costs, Nikos Christodoulides said the issue has also been discussed at the informal European Council. He referred to a package of measures presented by Ursula von der Leyen, describing it as an initial step toward developing a European Energy Union. The proposed framework aims to align energy policies across member states and improve coordination within the EU energy market. In parallel, legislative initiatives are being advanced under the current presidency of the European Council to support this process.

Natural Gas: A Transitional Bridge

Responding to discussions on reducing reliance on fossil fuels, Christodoulides said natural gas remains part of the current transition. He described it as an interim resource within the broader shift toward a system based on renewable energy. Several EU member states continue to rely on natural gas, while long-term policy direction focuses on reducing that dependence over time.