Fuel Price Adjustment

​​​​​The cost of Electricity Generation at the Basic Fuel Price and the Fuel Adjustment are charged separately in the electricity bill.

The basic fuel price is €300 per Metric Ton (MT). The Fuel Adjustment charge is calculated based on the Weighted Average Fuel Price for the current month and the Fuel Adjustment Coefficient.

The Weighted Average Fuel Price reflects the cost of the fuel purchases, the cost of greenhouse gas (CO2) emissions and the cost of preserving strategic fuel reserves. It is the sum of the purchase cost of the fuel consumed during the previous month, the cost of the greenhouse emission rights required and the charges of the Cyprus Organisation for Storage and Management of Oil Stocks (COSMOS).

The Fuel Adjustment Coefficient reflects the increase/decrease to the cost of 1 kWh in euros, when the Weighted Average Fuel Price increases/decreases by 1 euro. The Fuel Adjustment Coefficient is re-evaluated every six months.

The total fuel adjustment cost is calculated every month according to the following formula:

Fuel Adjustment (cent/kWh) = (Weighted Average Fuel Price - Basic Fuel Price) x (Fuel Adjustment Coefficient) x 100


Fuel Adjustment for the Current Year






Monthly 
Consumers
Bimonthly 
Consumers
Weighted 
Average Fuel Price


​​

​​​ ​

​​Fuel Adjustment (cent/kWh)

​(adjustment on basic tariff price)

VOLTAGE
Fuel Adj. 
Coefficcient

2022
Euro

​Voltage

Total
Fuel
​CO2 
emissions
​COSMOS
HIGH

​0,00022532
 

 January

762,96
HIGH
10,4314
4,1130
6,1877
0,1307
MEDIUM
​0,00022779
​​MEDIUM
10,5458
4,1581
6,2556
0,1321
​LOW 
​0,00023064
​​ΧΑΜΗΛΗ 
10,6777
4,2101
6,3338
0,1338
​HIGH
​0,00021977
January

February


HIGH


​​​MEDIUM
​0,00022212
MEDIUM


LOW 
​​0,00022483
​​ΧΑΜΗΛΗ


​​​HIGH

​0,00021977

February
March

HIGH


MEDIUM
​0,00022212
​​MEDIUM


LOW 
​0,00022483
LOW 


HIGH
​0,00021977
MarchApril
HIGH


MEDIUM
​0,00022212
MEDIUM


LOW 
​0,00022483
LOW


HIGH
​0,00021977
AprilMay

HIGH


MEDIUM
​0,00022212
MEDIUM


LOW 
​​0,00022483
LOW


​HIGH

​0,00021977
MayJune



HIGH


MEDIUM
​0,00022212
​​MEDIUM


​​​LOW 
​0,00022483
​​LOW 


​HIGH
​0,00021977
JuneJuly

HIGH


MEDIUM
​0,00022212
​​MEDIUM


​​​LOW 
​0,00022483
LOW


​HIGH

JulyAugust


HIGH


MEDIUM

MEDIUM


​​​LOW 

LOW


​HIGH

AugustSeptember

HIGH


MEDIUM

MEDIUM


LOW 

LOW 


​HIGH

 September

October


HIGH


MEDIUM
​​
​MEDIUM


LOW 

​LOW 


HIGH

 October

November


HIGH


MEDIUM

MEDIUM


​​​LOW 

LOW


​HIGH

NovemberDecember                           
HIGH


MEDIUM

MEDIUM


​​​LOW 

LOW


HIGH

December​ 

HIGH

​​​MEDIUM

MEDIUM

LOW 
​​​
LOW​

​​

​Historical Fuel Adjustment Prices​

The following file lists the fuel prices, fuel adjustment coefficients and fuel price adjustments for the period 2013-today. The data are presented in graphical and user-friendly tables.​


Historical Prices 2013-2022