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
​​LOW
10,6777
4,2101
6,3338
0,1338
​HIGH
​0,00021977
January

February

716,93
HIGH
9,1629
4,0203
4,9956
0,1470
​​​MEDIUM
​0,00022212
MEDIUM
9,2608
4,0632
5,0490
0,1486
LOW 
​​0,00022483
​​LOW
9,3738
4,1128
5,1106
0,1504
​​​HIGH

​0,00021977

February
March687,06

HIGH
8,5064
4,6696
3,7381
0,0987
MEDIUM
​0,00022212
​​MEDIUM
8,5974
4,7197
3,7780
0,0997
LOW 
​0,00022483
LOW 
8,7023
4,7773
3,8241
0,1009
HIGH
​0,00021977
MarchApril845,40
HIGH
​11,9863
5,5706
6,2909
0,1248
MEDIUM
​0,00022212
MEDIUM
12,1144
5,6300
6,3582
0,1262
LOW 
​0,00022483
LOW
12,2622
5,6987
6,4358
0,1277
HIGH
​0,00021977
AprilMay
873,58

HIGH
12,6056
6,8896
5,5617
0,1543
MEDIUM
​0,00022212
MEDIUM
12,7404
6,9633
5,6212
0,1559
LOW 
​​0,00022483
LOW
12,8958
7,0482
5,6898
0,1578
​HIGH

​0,00021977
MayJune

930,29

HIGH
13,8519
7,1302
6,6487
0,0730
MEDIUM
​0,00022212
​​MEDIUM
14,0000
7,2065
6,7198
0,0737
​​​LOW 
​0,00022483
​​LOW 
14,1708
7,2944
6,8018
0,0746
​HIGH
​0,00023889
JuneJuly
1.061,50
HIGH
18,1915
9,6256
8,4402
0,1257
MEDIUM
​0,00024098
​​MEDIUM
18,3506
9,7097
8,5141
0,1268
​​​LOW 
​0,00024311
LOW
18,5128
9,7956
8,5893
0,1279
​HIGH
​0,00023889
JulyAugust
1.050,80​

HIGH
17,9359
11,8611
5,9104
0,1644
MEDIUM
​0,00024098
MEDIUM
18,0928
11,9649
5,9621
0,1658
​​​LOW 
​0,00024311
LOW
18,2527
12,0706
6,0148
0,1673
​HIGH
​​0,00023889
AugustSeptember
1.049,47

HIGH
17,9041
11,9410
6,8382
0,1249
MEDIUM
​​0,00024098
MEDIUM
18,0607
11,0366
6,8981
0,1260
LOW 
​​0,00024311
LOW 
18,2204
11,1343
6,9590
0.1271
​HIGH
​​0,00023889

 September

October

997,33
HIGH
16,6585
11,3031
5,2214
0,1340
MEDIUM
​​​​0,00024098
​MEDIUM
16,8043
11,4020
5,2671
0,1352
LOW 
​​0,00024311
​LOW 
16,9528
11,5027
5,3137
0,1364
HIGH
​​0,00023889

 October

November

980,80
HIGH
16,2636
10,8241
5,2983
0,1412
MEDIUM
0,00024098
MEDIUM
16,4059
10,9188
5,3447
0,1424
​​​LOW 
​​​0,00024311
LOW
16,5509
11,0153
5,3919
0,1437
​HIGH
​​​0,00023889
NovemberDecember   974,54                          
HIGH
16,1141
10,2572
5,7334
0,1235
MEDIUM
​0,00024098
MEDIUM
16,2551
10,3270
5,7835
0,1446
​​​LOW 
​​​​0,00024311
LOW
16,3987
10,4384
5,8346
0,1257
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​​​​​​​​​​​