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

2023
Euro

​Voltage

Total
Fuel
​CO2 
emissions
​COSMOS
HIGH

​0,00023889
 

 January

975,02
HIGH
16,1256
9,4981
6,5100
0,1175
MEDIUM
​0,00024098
​​MEDIUM
16,2666
9,5811
6,5669
0,1186
​LOW 
​0,00024311
​​LOW
16,4104
9,6658
6,6250
0,1196
​HIGH
​0,00025438
January

February

910,36
HIGH
15,5263
8,7837
6,6037
0,1389
​​​MEDIUM
​0,00025939
MEDIUM
15,8321
8,9567
6,7338
0,1416
LOW 
​​0,00026450
​​LOW
16,1440
9,1332
6,8664
0,1444
​​​HIGH

​0,00025438
February
March931,11

HIGH
16,0542
8,3686
7,5543
0,1313
MEDIUM
​0,00025939
​​MEDIUM
16,3704
8,5335
7,7031
0,1338
LOW 
​0,00026450
LOW 
16,6929
8,7015
7,8549
0,1365
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 2024

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​​​​​​​​​​​​​​​