High Stakes: Cyprus Ranks Second Most Expensive in EU for Business Electricity
Cypriot Businesses Pay the 2nd Most Expensive Electricity Rates in the EU.
Cyprus has secured a spot at the top of a list no business wants to lead. According to data released by Eurostat on Friday, the island recorded the second-highest electricity prices for non-household consumers in the European Union during the second half of 2025.
Cypriot businesses paid an average of €24.29 per 100 kWh, placing the country just behind Ireland, which took the top spot at €25.52. Germany followed in third place at €22.64.
In stark contrast, northern European nations enjoyed significantly lower overheads; Finland recorded the lowest rates in the EU at just €7.48 per 100 kWh, followed by Sweden at €9.70.
While the current figures highlight a heavy burden for local enterprises, there is a silver lining when looking at the long-term data:
- Year-on-Year Improvement: Compared to the second half of 2024 (€25.78), Cyprus saw a price reduction of approximately 5.8%.
- Recent Upswing: However, the cost has risen since the first half of 2025, when prices sat slightly lower at €23.21.
Across the bloc, the average price for non-household consumers stood at €18.37 per 100 kWh in late 2025—a 3.5% decrease compared to the beginning of the year.
While 18 EU member states reported falling energy costs—with Slovenia (-16.6%) and France (-14.1%) leading the decline—Cyprus remains part of a high-cost bracket that sits well above the continental average.
The Eurostat report specifically tracks "medium-sized" non-household consumers, defined as businesses with an annual consumption pattern between 500 and 2,000 MWh. These figures include taxes and levies, reflecting the actual bottom-line costs faced by the commercial sector.
