Navigating the Evolution of Cyprus’ Electricity Landscape: Drivers, Challenges and Future Prospects

Venizelos Venizelou and Andreas Poullikkas ()
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Venizelos Venizelou: Cyprus Energy Regulatory Authority, P.O. Box 24936, 1305 Nicosia, Cyprus
Andreas Poullikkas: School of Engineering, Frederick University, 7 Frederickou Street, 1036 Nicosia, Cyprus

Energies, 2025, vol. 18, issue 5, 1-27

Abstract: The energy transition of Cyprus presents a distinctive case study influenced by its geographic isolation, regulatory evolution, and the imperative to integrate renewable energy sources (RESs). This paper critically examines the chronological progression of Cyprus’ energy transition, beginning with the formulation of a liberalized electricity market aligned with the European Union’s Target Model. The analysis explores key drivers underpinning increased RES investments, while addressing the transformative impacts of global disruptions on energy security and policy priorities. Furthermore, it assesses pivotal regulatory reforms and the advancement of enabling infrastructure, such as advanced metering systems and cross–border interconnections, which underpin the island’s energy modernization efforts. Finally, this paper identifies opportunities for Cyprus to position itself as a regional smart energy hub, offering valuable insights into the challenges and prospects faced by isolated energy systems within the context of the European energy transition.

Keywords: Cyprus electricity market; energy policy reforms; energy transition; renewable energy integration (search for similar items in EconPapers)
JEL-codes: Q Q0 Q4 Q40 Q41 Q42 Q43 Q47 Q48 Q49 (search for similar items in EconPapers)
Date: 2025
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