Cyprus ranks among the 10 countries with the highest retail electricity prices in the European Union, according to European Commission data released yesterday on gas and electricity market developments in Q2 2025.
Retail electricity prices for households in Cyprus reached €309.50 per megawatt-hour (30.95 cents per kilowatt-hour for final consumers) in Q2 2025, placing the country 10th among EU member states.
The EU average stood at €246 per MWh (24.6 cents per kWh). Germany was the most expensive country at €399.6 per MWh, whilst Hungary was the cheapest at €91.8 per MWh.
Greece’s retail electricity price reached €232.6 per MWh in Q2 2025, ranking 19th and below the EU average.
According to the Commission’s analysis, retail electricity prices for households in EU capitals increased marginally by 3% in Q2 2025, driven by higher taxes and network costs. However, significant variation existed between member states, with many countries showing double-digit percentage increases (Austria, Luxembourg, Poland) whilst others posted large price decreases due to lower energy costs (Slovenia, Estonia, France).
Electricity consumption in the EU remained stable (0.4%) compared to Q2 2024. At national level, 17 member states recorded increased consumption, whilst others remained stagnant or declined. Demand levels for Q2 2025 were still 6% below the pre-crisis average (2015-2019 range).
The share of renewable energy sources remained stable at 52% in Q2 2025 (unchanged from Q2 2024), whilst the share of fossil fuels increased slightly to 25% (from 24% in Q2 2024).
The European Commission highlighted impressive growth in electric vehicle sales. Over 720,000 new electric vehicles were sold in the EU passenger car sector in Q2 2025, marking nearly 30% annual growth compared to Q2 2024. This translates to a 23% EV market share in the EU passenger car market, lower than China’s 57% but more than double the US market share of 10%.
Sweden recorded the highest share of new EV sales, with 62% of all cars sold in Q2 2025 being electric. Sweden, Denmark (60%), Finland (54%) and the Netherlands (52%) were among markets where more than half of all passenger cars sold were battery electric or plug-in hybrid vehicles.
Cyprus’s Statistical Service recently released data on the domestic vehicle market. During January-December 2025, passenger car saloon registrations increased 6.2% to 40,778, compared to 38,410 in the corresponding period of 2024. The share of petrol-powered saloons fell to 42.0% (from 48.6% in 2024), as did diesel vehicles (from 10.3% in 2024 to 8.9% in 2025). Conversely, the share of electric vehicles increased (from 4.0% in 2024 to 4.7% in 2025) and hybrids (from 37.1% to 44.3%).
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