Audit Report on EAC: RES, Emissions & Electricity Costs

The Audit Office has issued a special report on the EAC (Electricity Authority of Cyprus), with Press Representative Marios Petridis emphasizing on Alpha Information program the concern about the EAC's lack of involvement in RES (Renewable Energy Sources), burdening consumers.

According to Eurostat data, in the second half of 2024, Cyprus had the second most expensive electricity in the EU due to energy isolation and delays in the arrival of natural gas.

Mr. Petridis stated that the EAC had only four photovoltaic parks with a capacity of 20 megawatts in September 2025, while the total was 420 megawatts, with 270 concerning the 5 largest investors.

Also, the Vasilikos and Dekeleia power plants have been operating without licenses since 31/12/2020, with the EAC having submitted a request for a derogation to the European Commission.

The report also refers to companies that are late in paying their bills, with the EAC not proceeding to interrupt the supply, creating unequal treatment. Two cases of debts of €31,000 and €28,000 were mentioned, for which the EAC failed to recover the amounts owed despite legal measures.

Until 2020, Cyprus received free greenhouse gas emission rights, but now it is forced to buy these rights, increasing costs for consumers.

The Audit Office will also examine CYTA's entry into the photovoltaic sector.