Aiming to boost transparency and public insight, the Cyprus Institute launched a new online platform providing free, data-driven visualisations of the island's competitive electricity and renewable energy markets.

Enhancing Market Transparency

The Cyprus Institute on Wednesday launched CyCEM – Insights, a new online platform designed to improve public access to data on Cyprus' competitive electricity market and enhance market transparency.

Centralising Key Energy Markets

According to the Institute, the platform brings together publicly available data from all segments of the competitive electricity market, including the Forward Market, the Day-Ahead Market and the balancing markets – the Integrated Scheduling Process and the Real-Time Balancing Market.

Advanced Visualisations and Public Data Access

The platform provides users with visualisations, summary indicators and structured datasets on electricity prices, trading volumes, the electricity generation mix, the share of renewable energy sources and market balancing. It also allows users to export selected datasets for further analysis.

Speaking at the platform's launch on June 24, Cyprus Institute Professor Theodoros Zachariadis said CyCEM – Insights addresses a gap in access to official market data and aims to support transparency, data-driven energy analysis and informed public discussion on the development of Cyprus's electricity market.

Source: CNA (ΚΥΠΕ)