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


The fuel adjustment charge as calculated above, is revised when the Avoidance Cost of Thermal Production of EAC's Generation exceeds 11 cent/kWh at Low Voltage, according to the methodology approved by Cyprus Energy Regulatory Authority with the Decision No. 148/2023.

EAC Supply's customers will be charged to their invoices based on the revised charge for the fuel adjustment price as it is presented in the Table below:


Fuel Adjustment for the Current Year






Monthly 
Consumers
Bimonthly 
Consumers
Weighted 
Average Fuel Price


​​

​​​ ​​

​​Fuel Adjustment (cent/kWh)

Thermal Production (cent/kWh)

​(adjustment on basic tariff price)


​​
Revised Fuel Adjustment Price (differentiation on basic price)
(cent/kWh)
VOLTAGE
Fuel Adj. 
Coefficcient

2024
Euro

​Voltage

Total
Fuel
​CO2 
emissions
​COSMOS
HIGH

​0,00024042
 

 January

846,42
HIGH
13,1370
7,7624
5,2770
0,0976
11,7779
MEDIUM
​0,00024730
​​MEDIUM
13,5130
7,9846
5,4280
0,1004
12,1296
​LOW 
​0,00025464
​​LOW
13,9140
8,2215
5,5891
0,1034
12,5110
​HIGH
0,00024133
January

February

813,57
HIGH
12,3940
7,4084
4,8686
0,1170
11,3685
​​​MEDIUM
​0,00024483
MEDIUM
12,5737
7,5158
4,9392
0,1187
11,5340
LOW 
​​0,00024834
​​LOW
12,7540
7,6236
5,0100
0,1204
11,7044
​​​HIGH


February
March

HIGH


MEDIUM

​​MEDIUM


LOW 

LOW 


HIGH

MarchApril
HIGH


MEDIUM

MEDIUM


LOW 
​​
LOW


HIGH

AprilMay

HIGH


MEDIUM

MEDIUM


LOW 
​​
LOW


​HIGH


MayJune



HIGH


MEDIUM

​​MEDIUM


​​​LOW 

​​LOW 


​HIGH

JuneJuly

HIGH

MEDIUM

​​MEDIUM

​​​LOW 

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​January 2025

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 2013-2023​​​​​​​​​​​​​​​​​​​​​​​​​​​